Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: OESY

"...leader who restores the nation's fiscal health..."


You don't improve the fiscal health of a capitalist economy by taking more money from the public sector, whether it is used for new programs or paying down debt.

A family can earn it's way out of debt without increasing the pecentage of their income devoted to paying down debt as long as they keep stepping up the income ladder and control spending.

A strong capitalist economy will grow it's way out of debt as long as the polititians stop finding new ways to spend money faster than the GNP can go up.

Crippling the economy by socializing an entire sector like medical care is the path to ruin.

We have way too much debt for a socialised economy, just as a person on a fixed income has no business taking on further debt. But in an open market economy with low relative tax burden, the debt we carry is trivial.

What this article is suggesting would be like a medical student cutting back on the classes he is taking and getting a burger flipping job to decrease the accumulation of student loan debt.

The faster he gets out of school and starts making real money the better, and soon the debt will be an after-thought.

The sooner an economy gets itself out of recession the better. Cutting taxes and controlling is the real long term answer to "the nations fiscal health".


13 posted on 10/21/2004 12:06:33 PM PDT by Undecided
[ Post Reply | Private Reply | To 1 | View Replies ]


To: Undecided

Cutting taxes and controlling SPENDING is the real long term answer to "the nations fiscal health".


14 posted on 10/21/2004 12:09:27 PM PDT by Undecided
[ Post Reply | Private Reply | To 13 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson