Piggy bank theory

Discussion in 'Economy' started by LilOlLady, Jul 27, 2010.

  1. LilOlLady
    Offline

    LilOlLady Gold Member

    Joined:
    Apr 20, 2009
    Messages:
    7,841
    Thanks Received:
    660
    Trophy Points:
    140
    Location:
    Reno, NV
    Ratings:
    +761
    PIGGY BANK THEORY

    No way can you cut taxes and pay down the deficit and create jobs. Try to explain to a child how he can take money out of his piggy bank and the money is still there. If you take money out of the bank and don’t replace the bank is soon empty. Broke.
    If you spend taxes and do not earn taxes to replace it, you create a deficit. Taxes has to be increased to replace the taxes we spent. You take $3 out of the piggy bank you have to put $3 back in and it does not come out of thin air. Cannot cut taxes and keep spending without replacing it or we get a deficit. That’s what Bush did and it created a deficit and did not create one job. Raise taxes, pay down the deficit and stop unnecessary spending.
    When the bank is empty, you stop spending.
     

Share This Page