I'm afraid that's the popular mantra, but it isn't true. Reagans policies DID work. Cutting the tax rates is what drove the tech bubble. Yes, it took time, but it did work. Business was willing to invest as were private individuals. When Slick Willie went after Microsoft that pricked the bubble and investor confidence collapsed. Bush 2 method was working for the most part, but between the wars and idiotic laws requiring banks to lend to unqualified applicants...you saw the result.
Yes, we need to increase revenue and cut spending. That's the only feasible answer. For the guy wondering why the other guy is better than the one in office now- that's you answer. The other guy will provide confidence for business to invest again and has the backbone to make some cuts, like means testing for SS and doing something about the fraud in Medicare/Medicaid. He's not the one I really want, but he's a heck of a lot better than the one that's in there now.
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Today's Featured Article - Old Time Threshing - by Anthony West. A lovely harvest evening late September 1947, I was a school boy, like all school boys I loved harvest time. The golden corn ripens well and early, the stoking, stacking,.... the drawing in with the tractors and trailers and a few buck rakes thrown in, and possibly a heavy horse. It would be a great day for the collies and the terrier dogs, rats and mice would be at the bottom of the stacks so the dogs, would have a busy time hunting and killing, all the corn was gathered and ricked in what we c
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