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I don't disagree in principle. However, the problem is that, States who provide more welfare benefits or a more generous "safety net" will be invaded by the poor and the needy. And this is totally unfair, since we are suppose to be, not just 50 separate states, but the UNITED STATES!HOw would you resole that.By the way, there is NO reason to ever pay our debt off totally, although I agree with should trim it through BOTH spending cut and revenue increase.But, let me ask you. . .if you have a credit card debt and the interest you are paying on that debt is 1.99%, and you have an investment account, or somesort of interest bearing account that gives you 2.99% in interest. . .why would you pay off the 1.99% credit card, while you could get 2.99% with that money? Cutting the deficit is great. . .cutting our nose to spite our face is ridiculous!
I don't disagree in principle. However, the problem is that, States who provide more welfare benefits or a more generous "safety net" will be invaded by the poor and the needy. And this is totally unfair, since we are suppose to be, not just 50 separate states, but the UNITED STATES!
HOw would you resole that.
By the way, there is NO reason to ever pay our debt off totally, although I agree with should trim it through BOTH spending cut and revenue increase.
But, let me ask you. . .if you have a credit card debt and the interest you are paying on that debt is 1.99%, and you have an investment account, or somesort of interest bearing account that gives you 2.99% in interest. . .why would you pay off the 1.99% credit card, while you could get 2.99% with that money?
Cutting the deficit is great. . .cutting our nose to spite our face is ridiculous!
