| kanageddaamen said:
Tax cuts did not stimulate the economy because they were not designed to stimulate the economy. Their intent was to "starve the beast" and it is a well documented political startegy endorsed and practiced by reagan, w. bush, and those currently using it to try to shrink government (Sarah Palin and the tea party folks) Also, if social security was eliminated today, it would worsen the deficit issue in the country, not improve it. If anything the last few years should have taught us is that corporate profits do not equate to job creation and economic growth. The largest employing sectors of the economy are also small businesses, which are NOT hit by any massive regulatory burdens (I should know, I own one,) and the lack of sufficent regulation is what caused the credit default swapping and sale of toxic securities which caused the financial meltdown in late 2008. The reason US made goods have become uncompetative is largely due to a shrinking middle class, which can no longer afford to play the role the must for a successful capitalism system, which is "voting with their wallet." With their wallet empty, they have little choice but to buy cheap crap made by slave labor in china. So your proposal is to increase the tax rates on the lower and middle classes (by eliminating tax deductions, and having people who can't pay for food not pay taxes) and lowering taxes on corporations and the rich? Certain path towards conomic collapse. Increased taxes on the consumer classes will decrease consumer spending, decrease hirings, decrease corporate profits, and kill the economy. I do agree we need a focus on preventative care, but that is impossible when a huge chunk of the population is uninsured, has no preventative care, and can't afford to even go to the doctor for a checkup, opting for urgent care facilities for things that should be handled by a primary physician. I am a moderate, with the opinion that the government should be reduced in size but must be done so responsibly. I can see I am wasting my breath as you have drank the right wing cool aide and simply spout conservative talking points widely disproven by actual fatcs and logic. Time for bed and to bow out of this dead end conversation. |
I think you really need to study the differences between Canadain economic policy and American economic policy ...
Based on your principles, Canada has done the opposite of what we should have and as a result have higher employment, faster economic growth, a lower deficit which will (hopefully) be eliminated within a few years, and less debt.
