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Business & Economy - Lew Spellman  RSS

  • The deficit dilemma

    The deficit dilemma

    By Texas Enterprise
    Published: July 26, 2011

    How big is our nation’s debt? What does it mean for our economy? Faculty members weigh in on how to tame America’s fiscal beast.

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    • Quote 2
      Ara Haddadian said on Oct. 9, 2011 at 12:05 a.m.
      If I make $10 a day but spend $15 a day I have a $5 deficit. I have to cut my spending down to below $10 a day or I have to make more than $10 a day. I'm going to get a second job now.
    • Quote 2
      Sharjeel Momin said on Aug. 4, 2011 at 12:59 p.m.
      America needs to simply stop importing anything that can be made in the U.S. Stop sending our dollars to foreign nations. We need to start exporting more in order to benefit our citizens. Tax cuts are good but they are not as great as they sound. It will save the people of America money, but it makes our government suffer. Instead of lending money to other countries and spending on programs that are not helping our people, we need to start spending more on infrastructure. This will create jobs on our soil and will create wealth because someone in our country will have that money to spend. The debt ceiling problem should have never even been an argument in congress. America maxed out its credit cards, and now in order to pay its bills, it has asked its creditors to issue another credit card with a 2.4 trillion dollar limit. If the everyday American citizen cannot do this and maintain their credit, what gives the government the right to do so?