Budget Deficits
JD Foster of The Heritage Foundation discusses what a budget deficit is and its impact on our economic future. A budget deficit is the result of government spending more than it receives in taxes and revenues.
source
Click to rate this post!
[Total: 0 Average: 0]
$1US printed and spent within government is worth $1US on "faith" no borrowing needed
$1IS to the consumer is worth $1US for domestic goods but the price of imported goods converting to dollars is more expensive
$1 in Gold is worth $1 in Gold but $1US is soon to be worth 1/2cent in gold,to say nothing $US against other currency with additional US dollars printed
The Borrowing tries to secure the US dollars value on the International Market,but again,isn't neccesary
Stop the TOXIC spending NOW.