 DogfatherPremium
join:2007-12-26
Laguna Hills, CA
3 edits | reply to jc100
Re: And in a year they'll be wishing they hadn't Nice bit of revisionist history. Reaganomics is what got out out of Carter's mess. It just took a couple of years to get the tax code changes necessary to fix it. Soon after we had a growth explosion, unfortunately it was surpassed by a Democratic controlled Congressional spending atomic bomb.
Carter trashed the economy. Reagan cut taxes, the economy grew rapidly (because people don't get jobs from poor people, that's trickle-down) and revenues to the Treasury SOARED. Congress just spent it all and then some. Those are the facts.
If Obama would slash gov't spending and cut taxes across the board we would be out of our current economic mess in no time followed by another huge economic expansion which ultimately leads to increased Treasury revenues. Unfortunately Pelosi's politburo controlling spending has about the same chances as a snowball in hell. |
