Quote:
Originally Posted by BFT3K
from the article...
Rather than continuing a half century of policies that made smart investments in research and development ? along with maintaining a well-educated work force and a top-notch transportation infrastructure ? Reagan declared ?government is the problem? and built a political movement for deconstructing it.
That movement, which boasts powerful right-wing media outlets and well-funded think tanks, now dominates the American political landscape. And, today it presses even harder than Reagan did for dismantling government programs while rejecting the slightest revenue enhancements, like closing tax loopholes for corporate jets or any other tax advantage favoring the rich.
In the future ? if the American Right and its Tea Party foot soldiers have their way ? the federal government would be reduced to doing little more than paying the Pentagon?s bills and eliminating regulations.
more here...
http://www.addictinginfo.org/2011/11...f-reaganomics/ |
Governments do not make "smart investments." The best example is the Soviet Union which supported many old dying industries. The most recent example is Solyndra.
Government does not create wealth. Smart government is small government which gets out of the way and encourages the private sector to produce wealth. The best encouragement is to let investors keep more of their hard earned money.
The US government has grown enormously in the last decade, which is why the private sector, along with our economy, is in the dumps.
As government grows, the private sector withers. The creeping growth of government over the last century suggests a menace to our basic freedoms:
http://www.usgovernmentspending.com/...ury_chart.html