BGFalcons82;481798 wrote:Sorry for my obstinence, but I passionately disagree with Keynesian theory and the New York Times espouses it daily. I read your attached article earlier today. Yes, the Times says, in essence, that confiscating money from future generations and giving it to people today will spur economic growth more than allowing people to keep more of what they earn. I read this garbage all the time and I disagree 100%.
You do understand that Keynesian economics enabled the US to win WWII, correct? Secondly, how can you argue the evils of accrued debt....and yet be 100% against death taxes from those with huge estates? That doesn'tpass any smell test...no matter how you spin it.
Our national debt consists of many factors. Lower tax revenues are part of that equation.
The article also says that the rich will only "save the money they get from taxes." Well...savings is INVESTING! Doh! I know the Obama gang has co-opted the word, "investment", to mean a government program that is necessary, but that's not what it is. Our national savings rate has been in the dumper for decades and part of recovery is actually paying for things needed, not just borrowing even MORE from the future...from our children...from our grandchildren...and from the Chinese. Maybe...just maybe...if Freddic Mac and Fannie Mae had kept their 5% downpayment rules in order, we would not have had the housing bubble and subsequent burst from people that were unqualified for their loans to begin with. But I digress.
Freddie and Fannie were just one cog in the wheel that led to the housing bubble. There were plenty of other factors. You should digress. When Limbaugh made the outrageous statement that the housing bubble was 100% the fault of F 7 F, anyone with a third of a brain should have turned that knucklehead off the radio dial forever. He's a lying fraud...and is the primary reason that the Democrats own the House, Senate, and the White House.