Comments on: Would the GOP’s ‘Cut, Cap and Balance’ plan really cost 700,000 jobs?

By: zotdoc

zotdoc — Tue, 19 Jul 2011 15:04:23 +0000

Taking my money and giving some of it back in the form of misguided programs (The presidential dollar coin fiasco comes to mind) can never be more efficient than letting me keep the money and spending it on something that I want or need. The money I keep goes directly into doing something usefull, while the money the government takes always has a pretty high collection and adminitrative costs before it is ever spent. We don’t need the “balanced” approach of tax hikes now and maybe cuts later that the dems are proposing. This will encourage the politicians to get us into even more wars, and to spend ever more money on wastefull give aways as part of their campaign to get re-elected. The cycle of tax and spend needs to be interupted. Keep on writting Mr. Pethoukokis you are correct.

By: Pete_Murphy

Pete_Murphy — Tue, 19 Jul 2011 14:47:18 +0000

Anything that takes money out of the economy kills jobs. Both tax increases and spending cuts take money out of the economy. It’s as simple as that. So, anything that reduces deficit spending, while helping our nation’s fiscal position in the long run, will drag down the economy in the short run.

By the way, nothing is more effective at sucking money out of the economy than the trade deficit – about $600 billion per year – much more than anything being discussed in the debt ceiling/budget deficit debate.

By: weneedchange

weneedchange — Tue, 19 Jul 2011 12:47:37 +0000

I don’t know where Reuters got Mr. Pethokoukis, but they need to get rid of him. He’s not only totally biased toward the Republicans, but many of his ideas are truly ludicrous. A decrease in government spending of $111 billion would most certainly have a negative impact on employment in the US. There is no way you can cut spending by that amount without job losses in both the public and private sector. There will not only be direct job losses resulting from reductions in various government programs and the department of defense, there will be a trickledown effect to the private sector resulting from the reduction in goods and services purchased. Our country’s exploding deficit was caused by years of Bush era tax cuts, 2 wars started under the Bush administration and stimulus bills passed by both Republicans and Democrats. Anyone who thinks we can address this problem with spending cuts alone (without pushing this country into another recession) is “smoking weed”. We need a balanced approach – including both well-timed spending cuts and increased tax revenue.

By: dareus

dareus — Tue, 19 Jul 2011 12:26:56 +0000

Way back in the day, a cow would get sick and the villagers would say: “she’s got the hollow horn.” Sure enough, they’d cut her horns off and they would be hollow. The cow would eventually get better and the villagers would say: “you see – we got rid of those horns and she got better.” This is pretty close to the Republican economic plan.

By: doctorjay317

doctorjay317 — Tue, 19 Jul 2011 12:05:21 +0000

I guess everyone’s confused and so am I.