What are long term government bonds? Who issues them?
Bush's huge tax cut for the rich, in fact, had little effect. (Interestingly, the converse is also true: The Clinton experience showed that raising taxes on the rich does not have the adverse effects that the critics claimed.)
These assumptions are not known. Clinton reversals, from the Bush Sr attempted reversals, from the supply sided policies of the 80s, were quite mild and gradual. As early as August 1992, there were clear signs of the coming upturn in the economy, that were realized shortly the Clinton election. Eight years later, in October 2000, the coming downturn was already being realized, regardless of who had won that election.
And while he may spend some of the extra $5 million dollars on enhancing his collection if Picasso paintings or European vacations, the fraction of his income that he will spend on goods produced in America is likely to be limited.
This is actually incorrect. While it can be argued from a long versus short term impact view, every extra dollar earned, is almost immediately spent, economically speaking, regardless of where it goes. More money spent on gold hoarded in a buried treasure on a south Pacific island, is more money spent in the economy. Unless those selling the gold stick it in mattress.
Say's law, that supply creates its own demand, still holds true, as does all his other laws. The writers obvious desire to enhance the private economic potential of literature instructures, home economic teachers, and high school band instructors, is not hidden by his use of the word "technology."
BTTT