HawkHead wrote:Your comment shows your lack of understanding on the economy. Our economy is struggling to sustain tiny growth. Cutting government spending at this point would be disastrous. It would take so much money out of the economy it would collapse.
Government spending does little to jump start private business which is the real economy.
As for taxes, the proper amount is the "optimum." Too little taxes and the revenue drops. Too much taxes and the revenue also drops because there is not enough for reinvestment. I don't know what that figure is, and not sure if anyone knows. There are too many economists with wide views on it.
However whatever rate that is has to be balanced with spending cuts: something that congress has an aversion too, and what has us in this mess to begin with.
Mostly I blame the Republican house. No matter what Obama asks for a budget, he can't spend a dime. Only congress handles the purse strings, and only they can spend money.