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Of Course the Deficit is High! [View All]

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Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU
rucky Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-27-09 07:57 AM
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Of Course the Deficit is High!
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Job losses of over 2 million mean that many less people are paying taxes.

It also means that that many more families require government assistance.

This is why you can't run government like a business:

In business, when times are bad, supply goes up and demand goes down. In government, when times are bad, supply goes down and demand goes up. We could've contiued our Clinton surplus, but Bush quickly squandered every penny of our "rainy day fund" and more. Now it's pouring.

The time to make budget cuts is when the economy is good - then you have reserves to get us through the tough cycles, when demand for government services is up. I don't see how anyone in good conscience can call for cuts to social services at a time like this, and overlook all the unnecessary spending that drained our surplus and got us in the situation we're in today.
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