UCLA just put out a study that said that the liberal rules put in place by FDR extended the Great Depression by SEVEN years. UCLA is not a conservative university by the way. So, what should we do? In my opinion, basic economics should look like this:
- Cut taxes for everybody, not just for 95% of Americans. History has shown that this works. First of all, when government raises taxes, they intend to get more money to do things like pay off the national debt. However, in reality, the lower the taxes for everybody, the larger the budget surplus.
- Reduce government spending. Enough said. This goes from earmarks to buyouts. Enough said
- When taxes are cut, more jobs are created. As much as we love to stick it to the rich, they pay us. May I personally thank some rich guy in Great Britain for paying me. You have your private jet and different homes all over the world, but you give some of your profit to a fellow like me.
- When more jobs are created, more tax dollars go into the system.
Sorry for this boring topic (YAWN)