Neither, cut spending .....
Wrong answer! Can't be solved with spending cuts alone.
If we don't raise taxes, people will lose their jobs. Either that or we go further into debt to avoid 20% unemployment.
I say we raise taxes....on the rich. And by the way, Obama's already doing that.
And don't let the Republicans cry that the worst thing to do is raise taxes during a recession, because those tax breaks don't expire until 2011. We should be out of this recession by then, right?
Remember, we are all in this together.
And maybe next time we won't vote for people who only represent the top 10% wealthiest of us.
Do not forget that in the last 8 years, the rich got richer. This is a new Guilded Age. The Robber Baron's are back.
I say we Nationalize the banks now and then later sell them to people who are responsible and not greedy pricks.
Yes, it can be solved by spending cuts. But since when does the government want to give up power? Even Emanuel said to never let a crisis go without it being exploited.
The problem originated from too much spending and inflation by Bush, and it's not going to be solved by more of the same from Obama. If taxes and spending are not cut, and substantially, on all people, we will be in for some hard times.