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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?


To: Bald Eagle who wrote (723445)1/30/2006 6:30:55 PM
From: DuckTapeSunroof  Read Replies (1) | Respond to of 769670
 
"aren't the police a branch of government?"

Obviously. Your point is?



To: Bald Eagle who wrote (723445)1/31/2006 11:36:00 AM
From: goldworldnet  Respond to of 769670
 
The Tax Reform Act of 1986, which had broad bipartisan support, partly implemented the principles of supply-side economics in a more moderate way. It simplified the tax code and eliminated tax loopholes.

Part of what Reagan implemented was in fact not supply side economics, but rather his own version of Keynesianism. Reagan advocated initiating deep tax cuts and simultaneous increases in military spending, while at the same time claiming that the Federal deficit would be erased. Critics argued that while Keynesian economics promoted the idea of consumers (including the poorest) creating jobs by increasing the demand for goods and services, Reaganomics relied on giving more money to producers by giving tax cuts especially to the wealthiest citizens, who would then create jobs that would somehow find a demand. This type of economic theory has also been referred to derisively as "trickle-down economics."

en.wikipedia.org

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