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Any one who thinks Mitt gives a rats bottom about the average person is kidding themselves. If he gets in the richest of the rich will be dancing in the streets!
Deny "Wrongway Romney" even one minute at the helm of our ship of state!
Try the two most-severe spending cuts in history and the aftermaths. After years of rebuilding the military following WWI, the US budget was slashed from $18.4billion in 1919 to $6.4billion in 1920. The result was the depression of 1920-21. Spending of $92.7billion in 1945 was reduced to $29.8billion in 1948 and the result was the severe recession of 1948-49.
In 1932, Herbert Hoover cut spending to address the faltering economy and a normal depression became the Great Depression. In 1937, after four years of recovery from that Depression, FDR gave in to right-wing whining and cut spending. The result: the GDP lost considerable wealth and a 14% unemployment rate became 19% within a year.
We got out of the 1930s recessions by government spending more. We got out of the 1920s and 1940s economic problems because Americans, with nothing to buy during the wars, had huge cash stashes, which they used to go on spending sprees once the nation was back to peacetime production.
Severe cuts in government spending would send us into another recession, but American consumers don't have the cash to rush in and rescue the economy. The only answer is to end the freeloading by corporations and get them to pay taxes as they once did when we had a healthy economy.
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