Will we default on our debt.

[kraznyi_oktjabr]

Originally Posted by Webster

...cutting taxes will help get more jobs because when companies have more money they hire new workers and lay off less workers and thats the most important thing for now.

I disagree. Wages are much more important factor than taxes. If there is option of hiring American or Chinese for same job which one you think company will take? Wages are so much lower in China that even if U.S. gov stops collecting taxes altogether it would still be cheaper to do work overseas.

In top to this, as mookiemookie said, companies hire only as many employees as are needed to get job done. Hiring unnecessary employees is bad business. It unnecessarily cuts shareholders' profits and I as shareholder would not tolerate that!