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Do you think the Federal Deficits are a Disaster? Should Congress and the Whitehouse cut spend down to the taxes collect INCLUDING interest?

Update:

Researched this and the last time the 'total Federal Debt' went down was 1960.

3 Answers

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  • 3 years ago
    Favorite Answer

    No. That would devastate millions of people, institutions and agencies that depend on the current level of spending where in most cases the money is already not enough. The only solution is to stop tax evasion by the wealthy elite and raise the rate at which they pay.

  • Marduk
    Lv 7
    3 years ago

    Increase taxes on the rich. Eisenhower did really well with a 90% top rate.

  • tia
    Lv 4
    3 years ago

    Idk but you can bet that somehow Trump will find a way to blame Hillary for this too.

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