bad news for Big O

[fishbones]

Originally Posted by JohnnyD

Huge debts plus additional expenses and then to decrease receivables from taxes is insane. It is insane today and it was insane during the last administration.

I figured as a business owner you'd understand that all debts aren't bad. Tax cuts are put in place to get people spending. This increases GNP, which helps offset the lost revenue from the tax cuts. As I mentioned before, cutting government spending also helps offset the lost tax revenue. Tax cuts put more money into the hands of the people who are going to spend it, while throwing stimulus money at big corporations and banks just drains more money from the economy.