What Republicans don't want you to know about the federal deficit
Submitted by James Inc. on Tue, 07/05/2011 - 2:01pm
- When the government spends in deficit, that means I am being taxed more.
- Cutting the deficit by reducing spending puts money in my pocket.
- You can’t spend your way out of a recession.
- Cutting government spending frees up resources for the private sector to grow.
- The debt has never been this large.
- We have largest debt in the world.
- The debt must be repaid.