On May 11, 2012, at 2:24 PM, richardsan wrote: > > > 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.
When was the last time anyone other than a toothless fool took you seriously? -- 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.
