Quote:
Originally posted by Rudey
And in terms of Economics, I'm sorry to say you're mistaken. The global Economy is largely being driven by the US deficit and the current situation with Chinese banks.
-Rudey
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If you had read my post, you'd see I wasn't referring to the global economy. I was referring to the DOMESTIC economy, which has been horrifically mismanaged by the bush administration.
You seem like a pretty smart guy Rudey, so I'm sure you're familiar with the textbook economics behind fiscal policy during a recession. When the country is facing a large deficit, you do not cut taxes. You RAISE taxes. This provides the federal goverment more spending power and funding to drive social programs and the commercial industry. The boost in spending to the commercial sector in turn drives higher levels of income and employment, and helps boost the economy out of recession.
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