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When getting out of recession...

Name: Anonymous 2010-05-05 12:37

..Which do you prefer cuts in public spending or tax rises? And why?

Name: Anonymous 2010-05-05 13:32

Cuts in public spending.

You can always work around what would get unfunded and that creates new businesses and opportunities for business; inversely, raised taxes never really go away once they are set and barely do things of insignificant benefit for business.  Moreover, a big part of the recession is the debt and, with how government currently works, dipping into cookie jars and leaving I.O.U.s, that wouldn't help pay dues anyway.

Name: Anonymous 2010-05-05 14:45

Cuts in public spending and tax cuts for the poor.

I'm not saying my solution is perfect but it would be a step up for the current giant bureaucratic clusterfuck of a system if people would realise tax cuts for the poor are far more cost-effective than welfare. Tax cuts mean more jobs, they mean a lower cost of loving and they mean more money for existing low-income earners meaning they are less likely to need dole money.

Name: Anonymous 2010-05-05 14:51

they mean a lower cost of loving
Yes.

What about abolishing specialization taxing and instead focusing on a flat tax (income, wealth, or both)?

Name: Anonymous 2010-05-09 0:00

>>5
You are a locust.  By your own efforts, you lower what others can produce yet you demand more produce from them.

Name: > 2010-05-09 0:09

Put the taxes back the way they were and bam! Out of a recession and deficit.

IE tax the rich.

Spending cuts are fine too, but what are you planing on cutting?
Fun Fact: President Clinton put VP Al Gore in charge of cutting government back in the mid 90s, and he did. Bush pumped it back up again of course.

Name: Anonymous 2010-05-09 1:39

>>7
Taxing the rich works as well as un-taxing the rich: not very so.  The real problem is that fewer rich people today are rich because they actually do anything functional for their country's finances.  They bet on a market that is locally stagnated to a consumer economy, not a production economy, while the production economy has been moving away.  Ultimately, however, the reason they're rich is that they're smart enough to know how to make good money and how not to lose it doing foolish things.  (Conversely, that's why the stock market near-collapse the housing crisis and the bank crisis mostly affected people who were not so well-off.  Additionally, the deck was stacked against them in that the people who would be looking out for the not-so-rich were replaced, over time, with people who only cared that a profit and notoriety could be made, even if only in the short term.  Other replacements knew what they were doing too - many of the people who used to work for Goldman Sachs who now work for the White House, for example.)  Milking the rich will only work for a time and its results will be as illusory as what we currently cling to.  It's the same short-term goal that got a lot of people into financial distress.

The problem is really the kind of economy we have.  Production of goods that we can send overseas is the key.  Raw materials, if nothing else.  At this point, I would even shoot myself in the foot and settle for a socialistic approach to that ends but our government doesn't believe in the approach at all.  "Energy economy?"  Domestic entirely and its immediate result would be sending more industry overseas to smart countries who did not adopt them.  Additionally, you wouldn't be able to export intangible "energy" to countries that aren't physically connected to yourself?  Cut federal intervention in local affairs, give back most of the reserved land the central government owns but does nothing with thus that the states can do something with them, and force the government to do what it SHOULD be doing: manage our international image and military strength (military owned by each State, they allow the government to send en masse).

Hell, the government is suppose to make sure the States trade freely with each other; that's in the Constitution.  There wasn't a single Congressional or Senatorial outcry against states that were calling and preparing to enact boycotts against Arizona that I can think of.  The government didn't even have the resources to handle an oil spill - an accident - and, while I can't blame the current administration for having gotten rid of those resources, whenever that was, I'm damn going to blame them for not realizing they didn't have something they needed and not getting at least the minimum.

And now I'm meandering.  Stopping.

Name: Anonymous 2010-05-09 2:20

neither

Name: Anonymous 2010-08-11 14:19

>>9
lame duck.

Also UK is going into a double dip recession because of the cuts

Name: Anonymous 2010-08-11 17:53

>>10
Double dip recession?  Possibly.  Because of the cuts?  Support that assertion with some evidence, please, or else it's just unsupported opinion.

Name: Anonymous 2010-08-12 20:36

>>1
recession
Recession!? We're heading into the greatest depression. What're you smoking?

Don't change these.
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