IOUSA – 30 Minute Condensed version
posted by Josiah Garber on May 25, 2009
in Economics, Politics
This film helps to understand the enormity of the financial problem facing our nation. I expect it will be quite a bit more difficult than this film portrays, as massive tax increases cut down on production. One thing is certain, tax cuts and increased spending across the board are suicide.
In my opinion to get out of this financial crisis governmental programs must be undergo severe cuts, and tax rates must be high enough to provide enough revenue to cover them and low enough that economic growth is not stifled.
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