It is painfully obvious that conservatives and liberals think with completely different sides of their brains! Or more succinctly, one uses it’s brain to think, while the other prefers to let others do their thinking for them. They simply go with the flow because the conservative ‘siren song’ of lower taxes just sounds so pleasant and soothing to the ear!
The current U.S. debt to GDP ratio is considerably less than what it was after WWII. (120 percent)
So it behooves us to reflect back to what ‘sensible politicians’ did between 1945 and 1975, three decades of exceptional growth, expanding employment, reduced deficits and massive investment in infrastructure all across America.
It was our awful, terrible government that put Americans back to work building the Interstate highway system, parks, courthouses, bridges, schools and universities.
All this growth, under both Democratic and Republican leadership, while our national debt kept steadily declining for three straight decades until Reagan’s “voodoo economics” sent the debt soaring back up again!
You know what else? America did all this while the top tax rates were between 70-91 percent! Guess that blows a BIG HOLE in the conservative argument that high taxes kills economic growth!
You need look no further than the hardship across Europe for further evidence of the folly of drastically reducing government spending during a recession. LUNACY!
This is not rocket science. It’s simply basic economics.
There is no ‘free lunch.’ America didn’t become the envy of the world because of millionaires, but because sensible politicians made smart decisions!