...The Institute for Supply Management (click here) in its semi-annual forecast found purchasing and supply executives expect manufacturing revenue will rise 7.5 percent this year. That is modestly slower than the 7.9 percent rise seen last year....
Because, in order to PAY OFF THE NATIONAL DEBT there has to be an increase in revenue. The country has to be able to function, including public employees, to sustain and grow the economy of the country.
Currently, there is not enough REVENUE to pay all the bills. We borrow and borrow and borrow some more in order to pay the bills rather than bringing in more REVENUE.
The lack of spending by the USA, as in the example above, is already causing some contracture than what was expected. Manufactered PRODUCTS, made in the USA, has to have CUSTOMERS. If those customers are public employees, then that is the way of the world. If the customers aren't able to spend their monies on products produced in the USA there will be contracture of the economy and there will be more and more LOST REVENUE.
Revenue is a fun word, it sounds like "A Reverend you knew Is has the word NEW in it. Like NEW forms of REVENUE. Like increasing the taxes on people that can best afford it. " Deficit is not a fun word. Debt is not a fun word. They sound like "Death and the death of it."
When was the last time the USA had SUFFICIENT REVENUE?
The last time the USA had sufficicent REVENUE was BEFORE the Bush Tax Cuts.
That was the last time. That was the last time the USA has sufficient revenue. Yes, you see. When the Bush Tax Cuts occurred our REVENUE diminished and the lousy Republicans borrowed and borrowed and borrowed more and more and increased the debt ceiling again and again and again.
Revenue is what the USA needs to RETURN TO.
RETURN TO REVENUE.
