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Cutting spending will not create jobs
The Gazette Opinion Staff
Sep. 10, 2011 12:46 am
We have been told that we must balance the federal budget and reduce the deficit by cutting spending and not raising taxes.
Anybody who wants to be president must tell us what programs they plan to cut, by how much and when. Then they need to explain to us how we are going to provide unemployment benefits for all of the people who will lose their jobs when these cuts are made. And finally, they need to tell us exactly how cutting spending and not raising taxes will create jobs.
In other words, when we make a specific cut, how many jobs in what company or companies are going to created. If they do not do this, then they are just another version of Nixon, Reagan and the two Bushes, each of whom campaigned on fiscal responsibility and left us with unbalanced budgets and big deficits.
Remember, six of the 10 richest people on the Forbes list got their money the hard way - they inherited it. Surely to goodness, we wouldn't want these people to pay a penny more in taxes!
Mitchell A. Levin
Cedar Rapids
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