It is impossible for the economy of our country to improve over the long term without increasing tax revenues and lowering government spending. The last time this country was able to balance the federal budget was before the Bush era tax cuts were created. These tax cuts have now added three trillion dollars to the national debt since they were put in place. As long as these tax cuts are in place they are like a snowball rolling downhill generating additional debt as interest accumulates on the increasing debt our federal government owes.
There is no other healthy approach to fixing our country’s economic issues. The tax cuts must be allowed to expire. The current approach being taken by the Federal Reserve Bank of printing more money will eventually lead to out of control inflation
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