Sorry to butt in here!
Some economists believe that a large, diverse economy like the United States can carry lrge amounts of debt over long periods of time. Paul Krugman has stated that it might be more important to stimulate the economy right now than to go into a debt reduction mode. Even Mitt Romney has stated lately that he plans no large reduction in spending in his first year.
As we see it, business is holding off on hiring plans until after the election because they do not have the visibility that they need (or desire). Several CEO's of international corporations based in the United States have stated that if Mitt Romney is not elected and if the current level of regulation continues on unabated, that they will carry out apparently already drafted plans to leave the United States. This is despite what happened back in 2007-08 when the nation and the world almost went into a depression. The real issue, in our opinion, is not debt but regulation. The deregulation began under Ronald Reagan and, other than George H. W. Bush, it has continued unabated until Barack Obama entered the White House. Corporations that are now so diversified throughout the world think that they no longer need as strong az presence in the United States as they have had in the past. They have, since 2009, been forced to live in a regulated and a deregulated world at the same time and they simply prefer a deregulated world, even if that ends up casting the entire world into a depression in which they will have no visibility anywhere at all!!!!!
IOVHO,
Regards,
Joe
To say that "God exists" is the greatest understatement ever made across space and time.
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