Well said jaolsa...
Whoever would be in government now would be doing exactly the same thing.
Tax revenues have collapsed.
Increase TAXES or BORROW and pay back later. That is the simple(not so simple) choice that needs to be made.
I agree on borrow and cut government spending. Higher taxes will just deepen a recession and make it longer.
If you don't like debt then don't ever get a mortgage or any form of loan.
Debt = money and money = debt. Money is created from debt.
Without debt there would be no money!!!
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