Akvod said:
mrstickball said:
Akvod said:
GDP=Consumption Spending.
Government consumption/spending=Consumption/Spending
*pats hands*
We have plenty of credit flowing around (due to the Fed's infusion of it into the banks and the increased spending by American consumers). Ending the tax cuts for the rich won't kill investment.
If you don't want to end the tax cuts for the rich in return for increased spending, at least do it in return for a larger tax cut for the lower and middle class.
Keep tax cuts for the poor and middle class, end the Bush tax cuts, increase spending, rebuild our infrastructure (has to be done anyway, might as well use this as an opportunity), impose modest reformations on Medicare and Medicaid and BOOM! You fucking fix the economy, and solve America's long and short term debt problems. |
51% of Americans paid no taxes last year. Exactly how much more should you lower taxes on them?
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Income Tax=/=All taxes
http://krugman.blogs.nytimes.com/2011/04/22/zombie-tax-lies/
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Just as a side note, Paul Krugman is one of the most intellectually dishonest economists out there and after repeately getting "schooled" on his inaccurate heavily biased blog posts by average people making comments he closed his blog to comments. At many points in time these commentors demonstrated that his views on economics depended mostly on what the Democrats or Republicans were doing at the time, and he has repeatedly been found to condemn an approach taken by the Republicans and then support the same approach when taken by the Democrats.
Or to put it another way, listening to Krugman on economics is kind of like listening to a nutritionist that has been hired by McDonalds on whether fast food is good for you.
