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Budget Deficits

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Uploaded by on Jun 11, 2009

JD Foster of The Heritage Foundation discusses what a budget deficit is and its impact on our economic future. A budget deficit is the result of government spending more than it receives in taxes and revenues.

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  • Taxes should of never been cut in 2001 & 2003.  Huge mistake.

  • $1US printed and spent within government is worth $1US on "faith" no borrowing needed

    $1IS to the consumer is worth $1US for domestic goods but the price of imported goods converting to dollars is more expensive

    $1 in Gold is worth $1 in Gold but $1US is soon to be worth 1/2cent in gold,to say nothing $US against other currency with additional US dollars printed

    The Borrowing tries to secure the US dollars value on the International Market,but again,isn't neccesary

  • I know. I wish we never voted in that guy who made the deficit from 700 billion to 3 trillion.  Who was that? Oh yeah, Reagan. Fuck that guy.

  • Stop the TOXIC spending NOW.

  • Heres a bright idea! STOP SPENDING.

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