|Le gros roseau|
Nombre de messages : 9664
Localisation : Usa
Loisirs : sport ,internet,stock market
Date d'inscription : 21/08/2010
|Sujet: The budget deficit of the United States. Sam 15 Sep 2012 - 9:30|| |
This morning I read the only aspect of the economy that Governor Romney has more approvals from the american people than the President is in reducing the budget deficit.We hear this term so often that it behooves to all americans to understand what it really means.Check google for a more complete definition of this term.But here let's stay with the simple definition which is the difference between the revenues and the expenses of the Government.
The Republicans are blaming the President for the deficit.Is he really the culprit of this deficit?Did Georges Bush leave a surplus or a deficit in the federal budget at the end of his 2 terms in office ?Does the government have to pay interest on the debt left by Georges Bush?What is the amount of these interests that the government has to pay?Did Georges Bush increase the revenues of the federal Government to finance the wars?Or did he decrease them to give a taxe break to the multimilionaires?Did the Republican Congress help the President to reduce the deficit by eliminating the taxe break for the rich and decreasing the defense budget?Of course not.
Who has a better approach to reduce the deficit the Ryan's budget proposals or the President's moderate approach to avoid hurting the most vulnerable members of the country?Your answer will depend on where you stand on the economic spectrum.If you're among the 1% like Mitt Romney who is hiding his money overseas to avoid paying his fair share of taxes ; it is obvious that you would like to balance the budget on the backs of the poors like Senator Sanders said.,but if you are in the middle class and among the 99% you should prefer the President's approach unless you're a brainwashed imbecile who doesn't understand the meaning of the term :budget defcit.