Takie są realia
/ 178.36.174.* / 2011-07-15 14:26
I nie pomoże żadne cudowanie, trzeba ciąć wydatki mocniej (bo dług musi rosnąć wolniej od PKB), o połowę i zwiększyć wpływy podatkowe dwukrotnie (a nie samą stopę opodatkowania).
Folks, it is time to cut the crap. We must cut the growth of government debt to below the growth in GDP. Since at present the government is providing ~12% of GDP via borrowing, this means we must cut federal spending by something closer to 15% of GDP, since GDP will contract when we do this (it's the math, and is inescapable) and debt must shrink faster than GDP does, or grow slower than it does.
Incidentally, that means we must cut federal spending approximately in half, double tax receipts (not rates), or some combination of the two that adds to the same figures.
And we must do it now, because the laws of exponents, which we cannot change, state that the longer we take to get to the above point the greater the cut in the federal budget will have to be.