To: thecodont
Now one of its only reliable sources of fuel is running out: federal stimulus spending.One need only read to sentence two to find the false premise upon which this argument is based. Federal spending actually decreases GDP by twenty cents on the dollar. The so-called 'stimulus' bill has resulted in a $160 billion reduction in GDP.
If this government really wants to stimulate economic growth, they should do three things:
- Return certainty to the markets. All this talk of raising capital gains taxes, carbon taxes, fuel taxes, electricity rates will only discourage investment. Permanently ditch the carbon tax, and announce for the next five years that corporate taxes and capital gains taxes will be eliminated, and watch the investment dollars roll in.
- Shut down Fannie Mae and Freddy Mac. The mortgage industry should remain in the hands of the private sector, and should not face an unfair competititor with a bottomless wallet.
- Reduce federal spending to 19% of GDP. The only way to stop the bleeding is to stop bleeding.
5 posted on
06/29/2010 9:52:30 PM PDT by
Hoodat
(.For the weapons of our warfare are mighty in God for pulling down strongholds.)
To: Hoodat
The only way to stop the bleeding is to stop bleeding.<<<<
Now that’s a fact! But do they want to!? Cloward and Piven A complete and devastating crash may be the only way to stop this cabral -
watch out for the aftermath though it may get very messy!
30 posted on
06/30/2010 3:40:57 AM PDT by
timetostand
(Ya say ya wanna revolution -- OK!)
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson