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Politics : John McCain for President -- Ignore unavailable to you. Want to Upgrade?

To: Dan B. who wrote (4733)	10/22/2008 10:01:17 PM
From: RetiredNow	Read Replies (3) \| Respond to of 6579

The time to keep the balanced budget was when the economy was still strong and we decided to spend hundreds of billions on wars. That should have been financed with increased taxes. However, if you want to guarantee that we go into the severest of recession, increase taxes right now. Not a good idea. I'd wait 2-3 years and then increase taxes to try to close the deficit. In the mean time, I'd cut spending on areas that don't have a lot to do with US economic well-being, like the Iraq war for starters and the tax subsidies and breaks for oil companies as a follow on.