Want to cut the deficit? Try a carbon tax.

I said stocks are a liability.
What I meant is that stock is a financial instrument & as such is both a financial asset & corresponding financial claim (liabilities, equity).

I am not assuming it.
I am explicit that my comments apply only to net savings of USD financial assets.

When the CA/US Federal Government spends issuing ("printing") money into the economy, this is a deficit.

If money is a financial asset then it must be a liability (of the issuer).
The government must accept its money in payment of taxes.
Money is debt.
My CAD $5 note represents my financial (non-interest bearing) asset & the government's liability.

 

Depends on the timing. Bush CUT taxes and blew the deficit all to hell. The timing was waaay off.

 

Bush had the deficit down to $161 Billion in 2007, WITH the tax cuts... AND two wars. Obama has higher tax rates, no wars, and has had $1 Trillion dollar deficits for 4 years.

So if Bush messed up with a $161 Billion dollar deficit WITH the tax cuts, what's Obama's excuse?

Further, the deficit started BEFORE the tax cuts. Bush's tax cuts didn't hit till 2003. The deficit started in 2001. It got us out of the recession back then, because more people had more money to in their pockets.

 

The deficit was at $0 in 2000 and Bush borrowed to pay for his wars. Obama is now having to pay off Bush's wars.

See above + the near depression Bush left him with.

 

1 there is no global warming
2 fix deficit? easy!! cut gov spending 80% cut taxes 70%