Sunday, February 10, 2013

US Economy Contracts - More Cuts Will Mean Even Less Growth



John Weeks : The idea that smaller government leads to more private sector investment is a fairy tale
I think it's a wrong analysis. Today, conservatives no longer care to diminish welfare expenditure. That was true in the 80s and 90s. Today, they'd favor it because realizing welfare is a means to make lower income acceptable to the majority. By putting the low middle class on welfare, they can increase their share of the pie, which is already huge, to even more and not take on a revolution. no bankers in jail, John Corzine running a new business now.... Why hasn't anyone tried to publicly file lawsuits against a bank that won't lend them money? .. judicial system is in Obama's right front pocket, more balls for him to play pocket pool with , Cut the military budget and most problems will be solved

4 comments:

  1. Well, THIS is total "bullcrap" !

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  2. I agree. His numbers don't add up at all! WE owe alot more than we did in 1992 THATS THE BIG DIFFERENCE. Lies!!!!

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  3. To be honest, I am pretty bad with numbers and might be missing the main point, but I van totally say that budget deficit and,therefore, cuts will have a very much bad impact on us. We are all only about to experience the worse times ever. I mean we start seeing the result of cuts already. I though that bad times were when I had to borrow funds online, but looks like I was completely wrong!

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