Steven Dison profile image 85

Should there be more cuts to budget in the short term, even with the threat of austerity looming?


 

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Arghness profile image91

Best Answer Edward (Arghness) says

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JohnfrmCleveland profile image83

John (JohnfrmCleveland) says

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Steven Dison profile image85

Steven Dison says

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  • LandmarkWealth profile image

    LandmarkWealth 4 years ago

    Estimates use static models, which incorprated a 3% GDP expansion. Since we got a negative print on GDP in Q4, that estimates isn't worth the digital paper it's not printed on. The deficit will be driven by GDP. With near ZERO cap ex...again.lol

LandmarkWealth profile image81

LandmarkWealth says

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4 years ago
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  • JohnfrmCleveland profile image

    John (JohnfrmCleveland) 4 years ago

    The government can and does expand the economic pie, every time it deficit spends. Dollars are only created through deficit spending. A reasonable number of new dollars added to the economy demands production that would not have otherwise happened.


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ib radmasters profile image61

ib radmasters says

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4 years ago
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  • Steven Dison profile image

    Steven Dison 4 years ago

    While that could be part of an overall deficit reduction bill, it would only constitute a fraction of a percent of the total budget. Fun fact: during Obama's presidency, the government has cut over 600,000 government jobs.


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