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[personal profile] foolsguinea


At some point I had to accept the following:

1) We have been cutting, not increasing, upper bracket income taxes for decades; this hampers our ability to "grow out" of deficits.

2) We have also been cutting discretionary spending for decades; we may be down to the stuff that politicians on examination can't in good conscience cut.

So the TEA Party program has to rely on cutting blindly, without looking, without caring whom it hurts, because tax cuts are ostensibly always more important.

But sometimes public spending is better at creating growth than private actors acting in their perceived self-interest. So blind tax cuts put the lie to any claim that right-wing "economic freedom" policies are also seriously pro-growth.

My answer: Raise taxes, we've gotten ahead of ourselves on cuts.
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foolsguinea

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