Originally Posted by Rabs
I may be wrong but I do beleive we were techincally in a recession for a point of time.
Yeh tax cuts for those who provide the jobs, always a bad idea.
1. Recession, again, is a consecutive two quarter falling of GDP, means economy is going downhill
2. the basis of tax cuts is to not bankrupt the government, since we were not in a time of recession, we should stay in a balanced budget, deficit spending is for economic depression, which is when there is long time of recession