Comments on: Debate Forum Topic, 8/9/11 http://www.daytoncitypaper.com/debate-forum-topic-8911/?utm_source=rss&utm_medium=rss&utm_campaign=debate-forum-topic-8911 Miami Valley's Arts, Culture & News Weekly Wed, 15 May 2013 21:09:00 +0000 hourly 1 http://wordpress.org/?v=3.4.1 By: Kevin S. http://www.daytoncitypaper.com/debate-forum-topic-8911/comment-page-1/#comment-1161 Kevin S. Tue, 09 Aug 2011 09:58:21 +0000 http://www.daytoncitypaper.com/?p=5776#comment-1161 The losers are the American people. Now was not the time to cut government spending. Not with unemployment over 9%. The debt needs to be lowered in the long term, but every time you cut government spending, you take money out of people's pockets. Either somebody's not getting a benefit or subsidy check or a government worker loses a job. Either way, that's money that person won't be spending buying goods and services, further depressing demand. If demand goes down, there's no incentive for businesses to create more goods and sevices and thus no need to hire more people. The winners: everybody who wants to see the U.S. become a banana republic. The losers are the American people. Now was not the time to cut government spending. Not with unemployment over 9%. The debt needs to be lowered in the long term, but every time you cut government spending, you take money out of people’s pockets. Either somebody’s not getting a benefit or subsidy check or a government worker loses a job. Either way, that’s money that person won’t be spending buying goods and services, further depressing demand. If demand goes down, there’s no incentive for businesses to create more goods and sevices and thus no need to hire more people.

The winners: everybody who wants to see the U.S. become a banana republic.

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