You don’t have to know much about the American economy to know that it was in reasonable shape compared to what it going to be in 9 months or sooner. Hell when you cut jobs those people people don’t buy products. The makers of those products have to make money therefore they have to layoff workers, who in return have to layoff more workers.
Oh least we forget many of those workers will not be putting money into the stock market, or the bond market , either as a simple investment or part of their retirement portfolio. Don’t you think retirement stability in one’s retirement portfolio will decrease. What about the price of borrowing, you think the price of borrowing would be higher making it unaffordable to borrow for most.
Oh what about those who already have borrowed and no longer are working, what will happen to the banks? Will there be a shortage of money to borrow even if you wanted to borrow.
The price of goods will also go up due to taffies and the consumer will not be able to afford what they can afford at the present time.
You think that by cutting the size of government you would reduce the debt, well busters think again, it will only make the debt harder to pay, think, less workers, less tax payers, less money.
Less money in circulation especially with consumers, the less is earned, the less that’s earned, the less taxes taken in.
The enemies the United States couldn’t have done better then to have the present government in place for the economic destruction of the United States
Thank you freakin traitors!!!
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