RJBJr Wrote:
Jan 03, 2013 12:12 PM
No. A trillion of the spending is BORROWED money. It's not taken from the economy. It just "magically" appears in the economy. Just think of borrowing half of your salary every month. That would allow you to live far above your real means. We're living large on borrowed money. Take it away, balance the budget, and you have to give things up. It's called austerity.