It didn’t work before, so why not try it, again? From Reuters:
Democratic leaders called on Wednesday for new spending and tax cuts to boost the sluggish U.S. economy, setting up a fresh hurdle for bipartisan efforts to head off a government debt default this summer.
At the same time, a new report warned that the country could face a European-style debt crisis unless Washington cuts spending or raises taxes…
This is why we should not agree to any increase in the debt ceiling. If we do, Democrats will just spend more. Grasp the fact: we are out of money. There simply isn’t any left. Spending must be cut, and must be cut quite severely. Before you liberals get all huffy about it – yes, Defense has to be cut, too. While we daren’t cut in to training and supplies, we will have to carefully assess new weapons and only take those which are actually crucial to maintaining American superiority. Defense will have to take at least a 10-15% hit…but other departments and agencies (Labor, EPA and Commerce, we’re looking at you) may have to be cut in the 60-70% range. Overall, spending will have to come down to at least 2008 levels in order to start us on a path to economic sanity.
The liberal dream is a nightmare and it is time we end it – we cannot borrow and spend our way to prosperity.
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