Quote:
Originally Posted by GrantMercury
Great post. Thanks for that.  |
Thank you.
Tax cuts. = Less spending by Government.
Less spending by Government. = Cuts in jobs.
People getting an extra $50 a week in their wage packet = More imports.
It's simplified, yet look at places that have cut spending and the job losses that have resulted. Spain, Greece, Portugal, Eire, UK. The Dogma of cutting taxes will lead to more spending more jobs, is going back to the times when most goods in US shops were made in the US. Now they're made outside the US, it's an old fashioned model.