True or false? All this economy needs is more confidence?

Schumer knows best. Trust me.True or false? All this economy needs is more confidence?
Economy could use a strong dose of confidence, but what it really needs is to quit hemorrhaging money.





And that does mean cutting down on welfare, but the truth is that Bush cut that down to the bone already. What we really need to do is leave the Iraq and Afghanistan War.





Bush wanted to fight the Iraq War, but not raise the funds (raise taxes) to cover it. So instead to cover it he borrowed money from other countries. And they were willing to let him have it, but at kind of a high interest rate.





Well, this war was going to be over in 6 months anyway, what did Bush care for a kind of high interest rate? Only problem is, we are about to enter our 6th year, well past the 6 months envisioned by Bush.





Bush kept having to go back for more and more money. And the other countries then began to worry if we could afford to pay back the loans. They were still willing to take the chance, but they wanted to go to even higher interest rates to account for the risk.





Consider that Bush was the QUINTESSENTIAL Reagan Republican. He cut all taxes, and he cut ALL spending except that of National ';Defense'; (because this can't really be called a defensive war, now can it?).





But he spent so much on the Iraq War (cost of war operations plus the interest) that he sent the $4 trillion National Debt he inherited from Clinton all they way up to $11 trillion.





In 8 years, Bush managed to spend $3 trillion MORE THAN DOUBLE all 42 of his predecessors COMBINED; and they needed 224 years to do it.





And such a massive upshift in the National Debt scared investors into not backing the dollar, out of fear we could not pay back our debts. That sent the dollar down so fast that Satan himself had to cover his head to make sure they didn't crack right through it. And as the currency is the backbone of a Capitalist economy; when the dollar went all to h*ll (currently at its 16 year low), our economy went all to h*ll right behind it.





We do need a lot more confidence. Confidence from banks to loan money, confidence from businesses to hire employees, confidence from consumers to start buying again, and confidence from investors to start investing again.





But to get all that, we have to make the dollar worth something again. We have to instill confidence in the dollar first. And to do that, we have to cut expenses, mostly the Iraq and Afghanistan Wars, raise taxes, and move all money saved and/or raised toward the National Debt. That saves the dollar, which in turn saves the economy.








Regardless of whether you believe we are justified in those wars or not (and there are reasons to believe both ways), we can no longer afford them. They will bankrupt us as they did the Soviet Union.





The Soviet Union did not fail as a result of Communism as so many would believe. Communism probably would have taken it down eventually, but that isn't what took it down and it still had a while to go before it did.





What took the Soviet Union down was when they tried to turn Iraq and Afghanistan (yes, the very same countries we are trying to now) to Communism. They could not afford the wars, and borrowed the money to finance those wars.





Their creditors finally came looking for the money back. And the Soviet Union then collapsed when each component country tried to escape the financial problems of the others by breaking away.





If we do not want to suffer the same fate in the United States, we MUST leave these wars and then pay off what we've done already.True or false? All this economy needs is more confidence?
and a strong dose of spending.


Maybe what needs to happen is pay off all credit card debt with a bailout plan.
i don't trust you OR schumer.
All we need is a big war; Roosevelt didn't cure the U.S. of the Great Depression, Hitler did.