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Politics : American Presidential Politics and foreign affairs
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To: TimF who wrote (43352)5/22/2010 11:03:58 AM
From: DuckTapeSunroof  Read Replies (1) of 71588
 
Re: [Clearly there was no effective restraint upon the growth of government at all... considering that the politician simply BORROWED whatever funds they wanted and continued to grow the government and spend.] "Not clear at all."

Wrong.

EXTREMELY CLEAR from the evidence of the last 30 odd years of government.

"Spending isn't a fixed amount."

So what? (Never said that it was!) In fact, you are confusing the original terms of the analysis here. What was being MEASURED was "size of government" (measured as a proportion of GNP). "Spending" is a proxy for that, sure. But, whether you refer to it as "size of government" or "amount of government spending" the FACTS REMAIN THE SAME: those are the DEPENDENT VARIABLES (what we were testing policies for, to see if they made any changes in the dependent variable...) and not independent variables. And they DID NOT GO DOWN when tax rates were reduced (but borrowing remained unhindered....)

Re: "Sure the politicians borrowed money,"

No kidding!!!!!!!!!!!!!

That is the take-away lesson here: There was no effective restraint upon the growth of government at all... the politicians simply BORROWED whatever funds they wanted and continued to grow the government and spend.

(Modern history proves that tax rate cuts exert no restraint whatsoever upon government spending --- so long as the back-door' of federal borrowing remains wide open.)

There is no 'free lunch'.

There is no magic and 'painless' way to restrain government spending. You simply have to actually REDUCE borrowing and spending if that is the result you desire.
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