How do you take in more than you spend? Well, for starters, you generate this thing called REVENUE, also known as TAXES, which Republicans have refused to even consider and in fact the mere mention of taxes has caused them to walk away from numerous budget deals. You might also get state-backed companies like Fannie Mae and Freddie Mac to pay back the taxpayers’ investment in them. You could also CUT SPENDING, although if you were smart and you did not hold the goal of tanking the economy for purely petty political reasons in order to PUNISH the very people who refused to elect your party to the White House, you’d wait until the recovery was more stable before cutting spending drastically. These factors led to the buoyant news that: “June’s surplus was the LARGEST FOR JUNE ON RECORD.” What will Republicans use as a HOSTAGE now that the Obama government is shattering records with its surplus? They have to find a way to make the stock market jittery again, like the last time they refused to raise the debt ceiling until they got their demands met, because the stock market is doing way too well under this DEMOCRATIC President. So - now we WAIT for the NEXT GOP act of ECONOMIC SABOTAGE!
Posted on: Fri, 12 Jul 2013 19:05:45 +0000
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