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Reply to "when the automatic budget cuts hit, is the metro DC economy going to go to hell in a handbasket?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous] Reducing the debt would be huge, in my opinion it would put much more money in the hands of average Americans by reducing inflation, devaluation of the dollar and restoring confidence in businesses, much more so than lowering taxes would. It would be the best possible thing [/quote] There's no inflation because of the debt. It never happened the way the Right said it would. We're dangerously close to deflation. What we need to focus on now is jobs. Should have been the real focus for the past 3 years. Deal with the debt later. [/quote] Actually, we're just starting to see signs of inflation. It's small news at the moment, but wait...[/quote] We are three years into this crisis. Input costs aren't going up, demand is low, and interest rates are low. Exactly what's going to cause inflation?[/quote]
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