Monday, April 11, 2011

Federal Debt and Deficit

The real problem with the Congressional control over the federal budget deficit is the same that causes a business to go bankrupt - the cash flow is too low from revenue. Cutting the national debt requires the same thing that an individual or a business has to do to reduce debt - improve net cash flow and allocate some money each month to reducing the debt. The Congress has reduce revenue giving tax cuts to the rich in the Bush era that now need to be reversed before they make cuts to services for seniors, children and the poor.

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