Obama Says U.S. Must Reduce Debt, Spur Job Growth
November 02, 2009 at 15:04 PM EST
[Skip to the end] This is a ridiculous notion that further shows there is no understanding of the monetary system at the highest levels, or the ‘debt’ per se would not be a concern. They obviously don’t understand taxes function to regulate aggregate demand (spending) and not to raise revenue per se. Reminds me of a [...]