RE: WH economist calls for more spending, less taxes
There are usually 4 solutions...
* More Spending, Higher Taxes
Jimmy Carter did this and look where it got us...
* More Spending, Less Taxes...
George W. Bush did this. Obama wants us to believe he’s for this but then he would raise Capital Gains taxes, Corporate taxes but retain the Bush Tax cuts for those making less than $250,000.
* Less Spending, More Taxes...
Haven’t heard anyone prescribe this here at all. I think the Greeks and some of the PIIG countries are trying this.
* Less Spending, Less Taxes...
The Supply Side way. This actually occured during Clinton’s second term under a GOP controlled Congress. Result — a BUDGET SURPLUS.
Better yet, cut taxes, increase spending, brag about the job creation...then tell the next guy to increase taxes and cut spending and create jobs...it’s just like social security... the unborn will pay for our retirement, they cant vote now. So raise their taxes and cut their social security.