posted on Sep, 2 2012 @ 06:01 PM
Originally posted by jjf3rd77
Voting for Obama will give you more spending and more taxes!!!!!!!
That's a good thing though! Government spending creates jobs, government revenue comes from taxes. You lower taxes to the levels that this country
has without curtailing spending you end up with debt. A vast majority of that debt is owned by the people of the United States though. Don't believe
me? Look around the world;
The EU went after spending without raising taxes, they're (collectively) at 11%. The US has an unemployment rate of just over 8%.
Canada has a corporate tax rate of 15%, twenty points lower
than the United States! They have an unemployment rate of just over 7% (the US is
at 8%) and an economy that's grown 1.8% in the last quarter, the same rate that the US economy grew in the same period.
Balancing the budget is a terrible idea, it leaves us in the situation of drastically lowering taxes to a point of government collapse or cutting
spending to the point of self-destruction of the government whenever the economy takes a hit.