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Politics : American Presidential Politics and foreign affairs -- Ignore unavailable to you. Want to Upgrade?

To: DuckTapeSunroof who wrote (45002)	8/19/2010 7:06:55 PM
From: TimF	Read Replies (1) \| Respond to of 71588

(and the already mentioned 'elimination of deficit spending') I wouldn't call that simple, at least not if you include the politics of it. And I wouldn't call it reliable, if you rely on higher taxes. If you do it all from less spending (and not from knocking out the most important areas of government, there is plenty of fat to cut before going for the muscle), then yes I think it would be reliable, but perhaps even less simple. I suppose we can't expect politically easy answers, so if we drop that part of simple, I'd say what the government could do, is simplify taxes, reduce spending, and simplify and reduce regulation. All of those steps would make wealth creation easier and make it happen more. Technically it still wouldn't be the government increasing economic growth but the private sector doing so, but the government would be taking an action to get out of the way of the private sector, so the initial action from the government is important.