Tuesday, October 21, 2008

In the News - U.S close to $1 trillion Deficit.

1.) In your opinion, what do you think the US government should do in order to stabilize the economy to not be in such a huge deficit?
I think that as a country we should end the war in Iraq that is just wasting money in which we do not have to spend in the first place. That should give us a few billion dollars there and increase taxes slightly not by much due to the way the economy is very unstable, but just enough so that it doesn't hurt people financially.

2.) Do you believe that taxes should be raised in order to pay back the debt that we are in?
I do believe that the taxes should be raised in order to pay back the debt that we are in right now. I cannot think of another way that we could get out of debt without increasing taxes. I believe that if we do not do something about it now that we will always carry this debt with us.
Obama is saying that he is not going to increase taxes but what he is not saying is how are we going to fix this debt.
McCain on the other hand is saying that he does have to increase taxes in order to get back some kind of stabilization.

3.) If you were president of the United States in January of 2009, what would you do in order to solve this deficit problem?
I think i would definitely have to raise taxes or come up with a really great plan to get the country out of debt and out of debt fast.

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