Romney or Obama and why

[SamuelRSmith]

Flanneryaug said:

SamuelRSmith said:

Flanneryaug said:

Tax cuts and spending are basically the same thing. Both raise the defecit. Also, you need to spend to get out of a recession, and then you cut once the economy is better.

No, you don't. Read up on the recession of 1921. The initial decrease was much larger than that of 1929's. The Government cut spending and taxes, and the economy was growing again by 1922. Look at every recession since, where the response has been more spending... and look at how long they last.

Europe has done what you're recommending, and look what's happened to them. Austerity doesn't work.

Europe has done nothing of the sort. A lot of the "austerity" has come from raising taxes, not cutting spending. The reverse of what I'm recommended.