Good point but we already have a free ride (on federal income tax) for the bottom 49% of American earners and despite our existing debt and current deficit spending, JSmit insists we add free education and free health care.
BTW, I have no prob with gov't goodies as long as they are productive and we can afford them. As things stand, we can't even afford the freebies we now provide.
Raise taxes, cut spending, and grow the economy. All three must be done at the same time. When your government can't pay the bills that's what people with common sense do.
oks like there's hope for you.
BUT.....you should take a look at the best recession fighter in US history...Warren G. Harding.....
...he took a recession comparable to the one FDR fudged....and beat it in a year and a half.
Know how?
Cut government spending AND cut taxes big time.
That's because he was a Republican....
Not one of these:
But he did identify what he called “tactical lessons.” He let himself look too much like “the same old tax-and-spend liberal Democrat.”
http://www.nytimes.com/2010/10/17/magazine/17obama-t.html
More rightwing propaganda.
Harding only cut taxes because taxes had been raised to pay for WWI, and WWI was over.
So THAT'S why you're known as NYLiar!
1."
America’s greatest depression fighter was Warren Gamaliel Harding. An Ohio senator when he was elected president in 1920, he followed Woodrow Wilson who got America into World War I, ...Harding inherited the mess, in particular the post-World War I depression –
almost as severe, from peak to trough, as the Great Contraction from 1929 to 1933, that FDR inherited and prolonged.
Richard K. Vedder and Lowell E. Gallaway, in their book Out of Work (1993), noted that
the magnitude of the 1920 depression "exceeded that for the Great Depression of the following decade for several quarters." The estimated gross national product plunged 24% from $91.5 billion in 1920 to $69.6 billion in 1921. The number of unemployed people jumped from 2.1 million in 1920 to 4.9 million in 1921.
2. Compared to FDR, Harding had a much better understanding of how an economy works. Harding, wrote historian Robert K. Murray, in The Harding Era (1969), "always decried high taxes, government waste, and excessive governmental interference in the private sector of the economy. In February 1920, shortly after announcing his candidacy, he advocated a cut in government expenditures and stated that government ought to ‘strike the shackles from industry.’ ‘We need vastly more freedom than we do regulation,’ he said. Surprisingly, big business took very little notice of him at the time."
3.
One of Harding’s campaign slogans was "less government in business," and it served him well. Harding embraced the advice of Treasury Secretary Andrew Mellon and called for tax cuts in his first message to Congress, April 12, 1921.
The highest taxes, on corporate revenues and "excess" profits, were to be cut. Personal income taxes were to be left as is, with
a top rate of 8% of incomes above $4,000. Harding recognized the crucial importance of encouraging investment essential for growth and jobs, something that FDR never did.
4
. "Progressives" were astonishingly blind to Harding’s achievements. Newspaperman William Allen White called Harding "almost unbelievably ill-informed." Historian Allen wrote that Harding’s "mind was vague and fuzzy. Its quality was revealed in the clogged style of his public addresses, in his choice of turgid and maladroit language (‘non-involvement’ in European affairs)." Ironically, Allen wrote this in 1931, when the Great Depression had been going for two years.
Harding had the depression of 1920 licked in a year and a half, but under the "progressive" FDR, the Great Depression would persisted throughout the 1930s, until FDR began conscripting millions of young men for the armed forces.
America’s Greatest Depression*Fighter by Jim Powell
http://archive.lewrockwell.com/orig4/powell-jim4.html
http://www.nationalreview.com/articles/226645/not-so-great-depression/jim-powell
