INDY500
Rock n' Roll Doggie Band-aid
Government spending absolutely needs to shrink, but it needs to do so when the economy is healthy.
Which is coincidently exactly what Greece and Europe have been telling themselves for years. And what the Party of Government in this country still believes. The Laws of Economics are now catching up with them however.
What is the source of revenue that funds "their benefits"?You can starve the beast when middle and lower income families are out of the shitter, instead of blowing up their benefits and giving them to rich folks as tax cuts.
Thinking we need more spending rather than more production and capital formation is, well, ridiculous.Taking the legs out from under the very people who need to be spending to generate growth when the economy is shaky is ridiculous.
Reagan running for reelection in his 4th year, "It's morning in America."Supply side economics does not work. The very people who were the architects of it during the (!) Reagan era have admitted it is ineffective.
Obama running for reelection in his 4th year, "I believe that there are a lot of Americans who are hurting right now, which is what I've been saying for the last year, two years, three years, what I've been saying since I came into office."
And growth is not a zero-sum game between government and the private sector as you are simplifying it to fit your political ideology
Government does not grow the economy or create wealth; it borrows or taxes money from existing sources and redistributes it to other sources. The only way to grow the economy is through the private sector or Greece would be an economic powerhouse instead of a economic basketcase.
indeed!!