How do we reduce/end the deficit?

[imreallyperplexed]

There are three (non-inflationary) methods for reining in the deficit. The first is to reduce growth in spending or cut spending levels. The second is to raise revenues and use the revenues to pay off debt. The third is to spur economic growth that will bring in more revenue.

All three of this are interdependent. Where people disagree is on how the interdependence actually works. Does public debt hurt economic growth? Do tax cuts spur economic growth? Does targeted public spending support economic growth and stabilize business cycles? What do the Presidential candidates think? What do you think?

 

[Spamature]

We elect Mitt Romney. He brings in his pals from Bain Capital. They take over the country. Break it up. And sell off the pieces to various billionaires at pennies on the dollar. Bain collects its fees (some of it is kicked back to Mitt's retirement fund). Then they default on our debt health care and pension obligations.


Problem solved.

 

[imreallyperplexed]

Gee.

That sounds like Greece! :faint:

We elect Mitt Romney. He brings in his pals from Bain Capital. They take over the country. Break it up. And sell off the pieces to various billionaires at pennies on the dollar. Bain collects its fees (some of it is kicked back to Mitt's retirement fund). Then they default on our debt health care and pension obligations.


Problem solved.