We are facing a souring federal deficit, but our candidates are trying to avoid the topic. Indeed, deficit is not always harmful, but it seems that US is losing itself in it...
The first time I heard about "deficit" was in newspaper when China was said to be responsible for the growing federal deficit because of unfavorable balance of trade. Through history, presidents who had strong attitude towards cutting down deficit failed to some extend and the economics suffered. We are facing another economic crisis now and government bail out brings deficit to the front again. How will the huge deficit affects taxpayers? How will our economic system digest the deficit? What's our candidates attitudes towards the issue and how are they going to react?
I know I'm a elementary learner on the issue, but I want to make this my start and try to analyse our current situation.
1 comment:
It's really hard to give a solution since we are in relatively bad economics condition. As rate of unemployment increases, the federal governent need to borrow more mmoney. Usually there were two ways to solve the problem: surplus and cut government spending. Currently the largest governemnt spending i guess is Iraq War,so let's see who can solve the problem...
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