LOL. Funny post, but I agree completely. It's basic pragmatism. Why is it that most people prefer we don't give tax cuts, but rather we let the government spend the money? The fact most people need to realize is that the government would be irresponsible to pay the debt down too fast, because they would have to pay staggering premiums to get people to want to retire their debt investments. So since it will take time to pay down the debt responsibly, we have another problem, namely, the accumulation of massive surpluses.
Well, I guarantee you that those grabbing hands in Washington, will be like kids in a candy store. They will spend that money like there's no tomorrow. So how do we stop them from doing that and lead them to a more responsible course of action. Why, tax cuts of course! Tax cuts have a multiplier effect. More money in the average family's pocket means more consumer spending which leads to higher corporate profits, which leads to higher consumer & corporate confidence which leads to more spending, which gets us our virtuous cycle.
The problem is that most people on these threads have zero training in macroeconomics, so they listen to bonehead reporters and believe everything they say. |
