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Politics : Formerly About Advanced Micro Devices
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To: combjelly who wrote (510853)9/8/2009 1:25:34 PM
From: i-node  Read Replies (1) of 1579120
 
And debt. You keep forgetting that part. It should be no great surprise that if you engage in deficit spending, the economy gets stimulated. But what happens when the bill comes due?

It wasn't deficit spending that stimulated the economy during the Reagan years. Deficit spending does not do that.

Reagan's tax cuts stimulated the economy -- in a huge way. So much, in fact, that in spite of massive tax cuts, the tax revenue raised was far higher than it would have been.

The simple truth is that stimulative effect from deficit spending is offset by inflation. Stimulative effect from tax cuts is consistently what causes economies to flourish. This has been proven time and again.

If you have a lousy economy the first thing you want to do is to CUT THE HELL out of taxes. Whenever this has been done in the US, the rich get richer and the poor get even richer still.

Printing money just leads to inflation.
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