Moody's: GOP budget proposal would destroy the economy.

[Jessica-stormlover]

It will not reduce inflation. The harm it will do to people is huge.

It will probably reduce the scope of the economy and in doing such increase demand for products and innovation. Cutting food stamps will do this all by itsself and lower quality of life for millions of people...This will all increase inflation, drive up the debt as the amount of tax input to the government goes down and will lead to recession.

 

[Jessica-stormlover]

As always, Republicans support cutting the WR0NG things. If Republicans knew anything about running the economy, they wouldn't crash it every time they get into the White House.

Republicans today are all about undermining the American economy and hurting the poor. That is all they care about. They don't care about maintaining America's leadership as the worlds super power as they want to completely destroy our ability to compete.

 

[Jessica-stormlover]

The GOP would borrow it as always.

We need to start with DOD.

We could raise taxes on the top 5% to 1950's levels and close the damn loop holes. I'd pretty much approval of almost any other cut as long as it doesn't hurt the American people that are in need.

 

[kyzr]

It will not reduce inflation. The harm it will do to people is huge.

LIAR.

Cutting spending reduces inflation dumbass. (that's why the Fed raises interest rates, to reduce spending)

What harm will it do? Links please.