The current debit situation is simply unsustainable. Many economists say it's already too late, that our economy is in a "death spiral." I only hope the cuts can turn it around.
Are the cuts going to be painful for some? Yes. Will some jobs be lost? Yes. But hopefully many of those will be offset by new jobs as companies hopefully return to the United States.
Only time will tell but so far, I like what I'm seeing (even if it does scare me a little).
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