RJBJr Wrote:
Jan 19, 2013 7:34 AM
Dear Mr. Kudlow: "...spending cuts equal economic growth." This is the problem. You need to explain this better. Seems to me, if you stop borrowing $1.2Trillion per year from the Chinese, the economy will be harmed. That's enough to put us in a depression. We've been living on foreign money money for so long it would take a long time for the economy to adjust to a balanced budget. During that adjustment period lots of people would lose jobs. Better have a plan ready to employ those 30 million more people who would need private sector jobs.