US Presidential Elections 2012 (4 Viewers)
- Thread starter Trequartista
- Start date
OP
Well, then it gets a lot more technical. I honestly don't think I'm capable of analysing the american economy [yet].
And that was kinda my point. As a layman it will always be a normative judgment and not a positive one.
The problem is that when you put your finger on spending as the problem, it implies that the solution would be to stop spending or at least decrease it. But the american economy is very fragile at the moment and a decrease in spending could mean that the american economy would enter a new recession that would harm the american economy even more than an increase in dept. It's the same if the tax-rates are increased too much.
(Of course the solution is the golden mean where the budget is kept under control while the american economy sees a healthy growth)
And that was kinda my point. As a layman it will always be a normative judgment and not a positive one.
The problem is that when you put your finger on spending as the problem, it implies that the solution would be to stop spending or at least decrease it. But the american economy is very fragile at the moment and a decrease in spending could mean that the american economy would enter a new recession that would harm the american economy even more than an increase in dept. It's the same if the tax-rates are increased too much.
(Of course the solution is the golden mean where the budget is kept under control while the american economy sees a healthy growth)
