"A big deal" -- good thing or bad thing for Obama?

  • Posted by a hidden member.
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    Jul 26, 2011 10:59 PM GMT
    I keep hearing that Obama is wanting "a big deal" in wanting to cut Federal spending. Maybe Obama thinks that he will be annointed one in getting a very large cut and thus help his election next year; but wouldn't making massive Federal budget cuts create even more unemployment for the US? Maybe some of you political experts can enlighten me. I think the more budget cutting that takes place, the more it will help shewing in a Republican in 2012.
  • CuriousJockAZ

    Posts: 20925

    Jul 26, 2011 11:10 PM GMT
    I don't believe that budget cuts will hurt the job market nearly as much as an increase in income taxes might, but I don't think anyone really knows for sure until it is implemented. This is not a fool proof science.