Argus Posted May 19, 2013 Report Posted May 19, 2013 That's 'oldthink': We know now that cutting spending causes recessions and interferes with recovery. What we know is that removing excess money from the economy by stopping the government from spending does cut back somewhat on economic activity. But remember this money is BORROWED, and we've been running big deficits for ten years. There is only so long you can go on doing that before you're Greece, unable to even pay the interest on your debt. Then nobody will loan you anything and instead of cutting back bit by bit you suddenly face massive cuts as the southern Europeans have. Quote "A liberal is someone who claims to be open to all points of view — and then is surprised and offended to find there are other points of view.” William F Buckley
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