Re: more flaming politics

["L. Bird" <pkeets@hotmail.com>]

Hmmm.  Cyberspace is really strange tonight.  Did I get transported to a 
political list by mistake?


keets


>  It is truly amazing that this Reagan fallacy (aka Voodoo Economics) 
>survives
>  in spite of the fact that it is even more false now than it was in 1980.  
>If
>  you cut taxes and increase spending (ala Reagan-Bush) you increase the
>  deficit and the national debt.  If you increase deficit and debt, you 
>raise
> > unemployment and interest rates.  It happened 1980-1992.
>
>No fallacy - even Clinton paid some homage to it in a speech when he talked
>about how lower taxes have pumped more money into government coffers.  To
>begin, supply side economics was created by Adam Smith many many years ago.
>Based on low taxes and growing the economy, history has shown well that it
>works and works every time it is implemeneted - providing the government
>spending is not increased to eat up the increased revenues.  This Reagan 
>did,
>which raised the debt.  But almost every president has made government 
>bigger
>since the Civil War.

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