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Re: Simplistic ideas are for 5th Graders
Read June 23: A Note to Congress		New Message »

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Bill Pelland

Joined: 25 Feb 2008 07:34 am
Posts: 425

Posted: 22 Jul 2008 05:11 pm
Post Subject: Re: Simplistic ideas are for 5th Graders Read Article

Bookout is correct.

Deficit spending to give tax cuts makes no sense and when George Bush (the elder and wiser) said trickle down economics was voodoo economics he was correct. The answer, simply put, on one of the fact checking sites is:

Q: Have tax cuts always resulted in higher tax revenues and more economic growth as many tax cut proponents claim?
A: No. In fact, economists say tax cuts do not spark enough growth to pay for themselves.

After Reagan cut taxes, he turned around and raised them 3 times during his presidency. He was the father of the Voodoo economics, the so-called trickle down theory.

The tax cuts have not only increased our national debt but have also resulted in the depletion of the Social Security surplus that Reagan had increased taxes to create.

It's time to change direction. Obama for President and Noriega for US Senate.

Bill Pelland
Murchison, TX

Bill Pelland
Murchison Tx

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