Reply to thread

Message

<blockquote data-quote="Babagounj" data-source="post: 882969" data-attributes="member: 12952">Re: ObamanomicsI see you still do not understand basic economics .If you collect more taxes then you spend , thus you have a surplus ( better known as a profit ).If you collect enough taxes to support your spending, thus you have a balanced budget.If you spend more than you collect in taxes, then you have a deficit.Do to the massive borrowing lately , we will always have a deficit. You can&#039;t continue to take monies out of the private sector and expect job creation at the same time. It is physically impossible. And with the idea that gov&#039;t jobs is the solution to unemployment is another myth. Too many agencies with too many employees create an overlapping effect, where the existing regulations are increased 2, 3, 4, or more times. So every person or company that needs a permit for anything becomes boggled down in applying to multiple agencies for the same thing. With all the added red tape the private sector either slows down more or comes to a complete stop.The only solution is to decrease your spending and inject more monies back into the private sector with less red tape involved.</blockquote>

[QUOTE="Babagounj, post: 882969, member: 12952"] [b]Re: Obamanomics[/b] I see you still do not understand basic economics . If you collect more taxes then you spend , thus you have a surplus ( better known as a profit ). If you collect enough taxes to support your spending, thus you have a balanced budget. If you spend more than you collect in taxes, then you have a deficit. Do to the massive borrowing lately , we will always have a deficit. You can't continue to take monies out of the private sector and expect job creation at the same time. It is physically impossible. And with the idea that gov't jobs is the solution to unemployment is another myth. Too many agencies with too many employees create an overlapping effect, where the existing regulations are increased 2, 3, 4, or more times. So every person or company that needs a permit for anything becomes boggled down in applying to multiple agencies for the same thing. With all the added red tape the private sector either slows down more or comes to a complete stop. The only solution is to decrease your spending and inject more monies back into the private sector with less red tape involved. [/QUOTE]

Verification