Joe Weaselthorn is an idiot. He’s the same one who said about a year and a half ago that debt and deficit spending does not matter.
And, yeah, Joey Boy, it’s those eeeeviiilll ratings agencies that cause the economic turmoil. It has nothing to do with socialist banking (central banking) and the socialists who use those central banks in their borrow-and-spend schemes, isn’t it?
Central Banks are not “socialist”.
We need a Balanced Approach - there should be TAX rate CUTS to accompany Budget cuts otherwise the cuts will slow economic activity and increase the deficits. But pairing Tax Rate Cuts with Budget Cuts will allows revenues to increase and decrease the deficit.