Various economists and experts had suggested increasing government spending to fight COVID-19, to help the poor survive. On the other hand, businesses were helped so that the jobs are protected. As a result, the fiscal deficit may look slightly high.
Missouri businesses, manufacturers, health care providers, schools, churches, and many other entities across the state did not hesitate to step up and help their communities in the fight against COVID-19.
We think we can't survive without deficit spending - but we soon won't be able to survive with deficit spending, either.
Government spending cannot create additional jobs. If the government provides the funds required by taxing the citizens or by borrowing from the public, it abolishes on the one hand as many jobs as it creates on the other.
Businesses generally deal with minimum wage increases by finding efficiencies in their business practices or slightly increasing prices if they have to, not cutting jobs. Of course: because they need staff to make their businesses run!
It is my view that what is important is cutting government spending, however spending is financed. A so-called deficit is a disguised and hidden form of taxation. The real burden on the public is what government spends (and mandates others to spend). As I have said repeatedly, I would rather have government spend one trillion dollars with a deficit of a half a trillion than have government spend two trillion dollars with no deficit.
Maryland needs someone in Congress who will fight to create jobs, stop out-of-control government spending and defend small businesses.
I think growing an economy is a good way to help with a deficit, but ultimately, it's about fiscal discipline and responsible spending - and smart decisions.
Republican ideology says the government has no business supporting ordinary Americans: they should work to survive, even if that means they have to take the risk of contracting Covid-19.
Our economy creates and loses jobs every quarter in the millions. But of the net new jobs, the jobs come from small businesses: both small businesses on Main Street and many of the net new jobs come from high growth, high impact businesses that are located all across the country.
Ronald Reagan cut taxes to raise the deficit to stop liberals in future years from increasing spending. Obama will raise spending to raise the deficit to stop conservatives in future years from cutting taxes. As he funds every liberal dream - from alternative energy production to infrastructure renovation to more federal revenue sharing - he will force a massive expansion in the size of government for a decade to come.
When you look at February's (2011) deficit spending alone, and the fact that it was larger than what our total deficit spending was in 2007, the proposals that the Senate is sending us simply are ridiculous, because it's not even a solution. It doesn't address the amount of spending that we have in a week's time. We need to get serious.
You can tax the rich to pay for current spending. You can even tax them very heavily. But when the rich look forward for decades and see nothing but increasing taxes, debts, and government control of their businesses and assets - they will leave.
The greatest threat facing America today
is the disastrous fiscal policies of our own government,
marked by shameless deficit spending and
Federal Reserve currency devaluation.
It is this one-two punch -
Congress spending more than it can tax or borrow,
and the Fed printing money to make up the difference -
that threatens to impoverish us by further
destroying the value of our dollars.
This is just a personal thought, but there's a lot of things that people can't do because of COVID-19. I think that it would be nice to write or express the first thing we want to do after COVID-19 ends.
The poor have been sent to the front lines of a federal budget deficit reduction war that few other groups were drafted to fight.
Business creates jobs; government does not. Government creates a whole slew of jobs each time a new program or scheme is implemented, but always at the expense of the taxpayer. Small businesses invest in new businesses, which results in more jobs.