In WWII, our strength was based on the world's most powerful economy. We could make things like nobody's business and didn't need to borrow from other countries.
This year, the Federal government alone will need to borrow $1.48 trillion just to meet budget. That's written as follows: $1,480,000,000,000.
Some say we need to tax more to close the gap. But others know the truth. We need to (1) resume making things like nobody's business, and that's hard to do with manufacturers fleeing in droves from the world's most onerous corporate tax structure, and (2) cut spending with no scared cows.
Politicians have been quoted as saying these things won't happen. These are the ones which need to be given the boot. The leaders to install are those that talk about growth and spending discipline, not those who speak of "investments".
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