Thursday, September 15, 2011

Boehner Lobs Supply Side Shell In Fiscal Trench War With Obama : It's All Politics : NPR

Boehner Lobs Supply Side Shell In Fiscal Trench War With Obama : It's All Politics : NPR

George H.W. Bush while running for the Presidential nomination called this "voodoo economics" but as a successful candidate retreated. Ronald Reagan trumpeted it as did George W. Bush. What has happened is that Republican administrations have run enormous deficits and added 10 trillion dollars to the national debt. Supply Side will definitely create economic activity, it will just not create enough activity to offset the costs to the nation resulting in a net deficit.

Can't we just get past this?

No comments:

Post a Comment