Sunday 31 July 2011

Why Is There A US Debt Ceiling Debate??!!

Debate??!! There's no debate! When your 14 Trillion dollars in debt you don't take on more debt, you make massive cuts. And, if you want to get yourself out of debt by encouraging commerce the last thing you want to do is raise taxes. If anything taxes should be lowered as an incentive. In fact, in the current situation that America finds itself in, company taxes should be heavily reduced and individual taxes for owner directors of high growth companies should be knocked right down to 0%.

And what about cuts. Will they hurt? Of course they will! It is likely that social services and healthcare will be hit particularly badly, so now is the time for individual Americans as well as companies to ramp up their charitable donations.