Posted by MikeT23 on 11/7/2012 4:04:00 PM (view original):
Cutting spending isn't going to slow the economy if the proper programs are cut. The govt can't spend our way out of this.
It does though. We've seen it over and over again. That money is going somewhere and being spent by someone. Even if it is wasteful and inefficient, it's still contributing the economy. Long term, the cut is probably smart, but short term, the cut is ill-advised.