Yes, I have heard Rush in the past saying that tax cuts shouldn't have to be compensated for because of that magic formula. But then he got stuck in the GWB boat that didn't end too well.
Democrats now claim that spending pays for itself by creating jobs and revenue. They learned how to talk. The liberal Santa pays for it.
Democrats now claim that spending pays for itself by creating jobs and revenue. They learned how to talk. The liberal Santa pays for it.
This call to mind when Pelosi said that for every dollar they spend we get 2 dollars back. Remember? I’m sure she worked that one out on her abacus (with her stone and chisel at her side). Funny thing is, I don’t remember the media calling her out on it and they will likely be silent again.
But the proof is in The Marxist Onada’s stimulus pudding. Obviously government spending does not generate jobs when the people no longer trust the goverment. Why don’t they trust the government? Let’s count the ways: Bad economy, increasing unemployment (ahem), and a general feeling that this administation does not care one whit about the security of the US or its Constitution.
Certainly government spending can produce jobs. Mostly that happens in the Defense sector. But the Marxist clown in the WH is killing the Golden Goose as we speak. On the face of it, all that stimulus money should have helped create jobs. Problems: 1. The legitimate private sector companies who received it fear a Marxist future. They have no incentive to invest that money in growth. The have every incentive to invest that money to protect themselves. 2. Much of the stimulus money went to unsustainable “green” businesses. Those companies are going bankrupt.
I think some tax cuts are (maybe I should say “can be”) good for the economy, but it’s never as simple as that. GWB spent more than the govt. had. Result: Gotta borrow to keep it going, and the bill comes due sooner or later. Also part of the equation is that GWB was afraid he could not be reelected unless he spent a bundle. And now Obama points a finger at GWB’s spending to justify his much worse spending.
Can we say that big government spending is always bad? I think it can be appropriate, for example, the Manhattan Project. The money we spent on that could be paid back, and we could have kept a huge technological edge if we didn’t let the Soviets steal the secrets. Still, we gained useful knowledge and developed a higher capacity for reseach and engineering. Medicaid/Medicare is a different story. Unlike the Manhattan Project, they never stop; in fact they keep growing.
I don’t know if Obama can be included (he sounds like a fraud to me), but some of the left sincerely believes that, Solyndra and other graft notwithstanding, “green energy” is the new Manahattan Project, and it will be well worth the money. The private sector just can’t do it without government help, you see.
I don’t have anything against research to find better ways to produce electricity and heat, but obviously I don’t like the way Obama is “investing” in it.