Debt Purdue Problem News Today

Laffer says this wont solve anything. why not? >> well, this is typical of president obama. but its a subsidy, a transfer payment, a raises taxes and will slow economic growth. what you really want to do is not lower the numerator, ie the amount of debt. what you want to raise is the amount of income. to reduce the debt burden by creating jobs and higher wages, that is what we all want. and thats what obama is not willing to do. this problem has gotten so huge because the drop in employment is s...