On Fri, May 11, 2012 at 2:23 PM, Francis Drouillard <[email protected]>wrote:
> Historically, spending cuts only are more effective: > > < > http://washingtonexaminer.com/opinion/op-eds/2012/05/two-kinds-austerity/596441 > > > > "In a 2009 paper, Harvard University's Alberto Alesina and Silvia Ardagna > looked at 107 attempts to reduce the ratio of debt to gross domestic > product over 30 years in countries in the Organisation for Economic > Co-operation and Development. They found fiscal adjustments consisting of > both tax increases and spending cuts generally failed to stabilize the debt > and were also more likely to cause economic contractions. On the other > hand, successful austerity packages resulted from making spending cuts > without tax increases. They also found this form of austerity is more > likely associated with economic expansion rather than with recession." > > I think we should be talking about what programs to eliminate to stabilize > the debt rather than some episode from Mitt Romney's high school years. The > truth is that Democrats don't want to cut anything, but don't want > Americans to know how much taxes must be raised. That's why they won't pass > a budget, and prefer instead to keep raising the debt ceiling. That's why > they're the irresponsible party and why they'll get tossed in November. > > I can't wait! > keeping the republicans out of office is the best prescription. ignorant people voting for them is the problem. > -- knowledge and wisdom come from knowing a ""republican conservative"" is an oxymoron. -- You received this message because you are subscribed to the Google Groups "StrataList-OT" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/stratalist-ot?hl=en.
