2 ms·
What, now all of a sudden deficit-financed tax cuts are a problem? :) Counter-cyclical deficit spending is pretty much the only time that the gov't should know
by jbooth 17y ago
What, now all of a sudden deficit-financed tax cuts are a problem? :)
Counter-cyclical deficit spending is pretty much the only time that the gov't should knowingly go into the red to hand out tax cuts -- otherwise, they should either cut stuff or raise the revenue necessary to stay in the black.
Funny thing about those estimated future government expenditures.. if I had to give you one guess as to what the fastest growing component of those spending projections is, what would you guess? (Hint: it's abbreviated "HC")