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Politics : American Presidential Politics and foreign affairs
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To: Peter Dierks who wrote (10334)7/25/2006 10:03:05 AM
From: CYBERKEN  Read Replies (3) of 71588
 
That truth is beside the point-something traditional economists like Samuelson have never quite understood.

The economic cure for overgrown government spending is the reduction or elimination of taxes on capital formation. It's that simple.

The overlying problem, however, Congress spending money to cement their tenure in office and to buy cheap PR-as well as the fact that government at all levels is NEVER forced to face the creative destruction that keeps economies alive-is not economic but political. Until we have strict term limits and return the integrity to our democracy by requiring proof of residence, identity and literacy in voter registration, we will have bad government creating Grassley jungles, bridges to nowehere and Katrina "relief" boondoggles, as well as many other large and small frauds too numerous to count.

Economics can't deal with THAT part of the problem...
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