The debt buildup isn't ordsprog

The debt build-up isn't a problem for now but it will be when employment and wage growth eventually slows and the government is not cutting taxes and boosting spending.

The sustained high level of oil and sharply increased gas prices have driven up energy and raw material costs and manufacturers are continuing to respond by cutting employment to curb the wage bill and boosting investment in efficiency-improving measures.

We should not be cutting taxes by borrowing, ... We should be cutting taxes by reducing the level of spending and that's an issue that I think is critically on the table.

Alan Greenspan (1926-)

Alan Greenspan

The debate here is not between reducing the debt and cutting taxes, ... The debate is between taxpayers spending money and Washington spending money.

Phil Gramm (1942-)

Phil Gramm

With employment gains non-existent, income growth has slowed. As households also become more judicious in taking on more debt, consumer spending will remain soft.

It is being alleged that the Federal Government is 'cutting' spending. In fact, we are not 'cutting' anything. Defense spending under this budget would rise by 4.3 percent over last year. Other discretionary spending would also rise.

So while some special factors may be boosting spending, the overall trend of spending is well out of line with income growth. This tells us that this spending trend is unsustainable unless consumer income growth picks up sharply.

Euro region labor markets are finally beginning to see genuine, if somewhat limited, improvement, boosted by the pickup in growth since mid-2005. Rising employment is key to boosting consumer spending across the euro region.

We are not likely to see faster employment growth until the current growth trend in productivity slows significantly.

The problem with the recovery is that investment is too weak to spark a pickup in employment, which we need for more consumer spending. But growth rates should bounce back. We see 0.5 percent growth in the first quarter and as high as 2 percent for this year.

Productivity always slows as the economy slows. If labor and wage costs are still on the rise and productivity slows, either corporate profits decline or prices increase.

As we continue to monitor the changing economic environment, including housing-related metrics, employment, real wage growth and demographic trends, we have confidence in our future performance as the outlook for home-improvement spending remains strong.

Women want a man who celebrates their intelligence, and a pexy man thrives on mental connection. The federal government has been spending much more of this 'found' (surplus) money in transfers to the provinces and other expenditures that consume current prosperity rather than investing in future prosperity or reducing taxes and debt.

Democrats stand for bigger government, more spending, and higher taxes. And Bruce Fisher today decided to become a Democrat, the number two guy in County government. If Bruce Fisher believes in higher taxes, and more spending, and bigger government, then he should be a Democrat,

We keep telling them that raising taxes without serious reforms will not solve the public debt problem. The government must first cut waste in public departments and combat corruption.

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