Taxes and Deficits are Same Thing

This post was written by marc on February 21, 2004
Posted Under: Letters to the Editor,Politics

Letter to the Editor

There really is no difference between deficit spending and tax increases. They are the same thing. A deficit is like a tax charged to your credit card that you have to pay later – with interest. So the idea that we are in some sort of an economic recovery when the deficit is 500 billion a year is nonsense. We are bleeding money and bleeding it really fast. And every year Bush have been president the bleeding gets worse.

We are borrowing money from the future so the rich can get a tax break today. And that is as wrong as you can get. Its time to cut the government’s credit card and demand that we make the hard choices now before we get so far in the hole that we never crawl out.

Reader Comments

Wasn’t government deficit spending invented by John Maynard Keynes (in the 30s) as a way of getting an economy out of recession? i.e. its a gamble on kickstarting the economy that either works or it doesn’t. Judge it on the results it produces.

Written By Dave W on February 28th, 2004 @ 8:43 am

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