I'm afraid that's the popular mantra, but it isn't true. Reagans policies DID work. Cutting the tax rates is what drove the tech bubble. Yes, it took time, but it did work. Business was willing to invest as were private individuals. When Slick Willie went after Microsoft that pricked the bubble and investor confidence collapsed. Bush 2 method was working for the most part, but between the wars and idiotic laws requiring banks to lend to unqualified applicants...you saw the result.
Yes, we need to increase revenue and cut spending. That's the only feasible answer. For the guy wondering why the other guy is better than the one in office now- that's you answer. The other guy will provide confidence for business to invest again and has the backbone to make some cuts, like means testing for SS and doing something about the fraud in Medicare/Medicaid. He's not the one I really want, but he's a heck of a lot better than the one that's in there now.
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Today's Featured Article - Talk of the Town: How to Crank Start a Tractor - by Staff. This interestin discussion is from the Tractor Talk Discussion Forum. Remember that safety is your first priority - make sure you know what you are doing before attempting a potentially dangerous activity!
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