Sallow
The Big Bad Wolf.
- Thread starter
- #41
1938 ? FDR stopped his New Deal "Fiscal Stimulus", for "austerity" (or "Fiscal Consolidation", i.e. balanced budget). Taxes increased, and the economy recessed. UE increased nearly 5%.Show me when tax increases and spending in a high unemployment economy has hurt.
your turn ? When has hiking taxes helped ?
It was the austerity that caused the majority of the problem..not the tax hikes.