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Some people actually believe government can create jobs by taxing and
borrowing from people with jobs and then giving that money to people
without jobs. They call this demand stimulus. To make matters worse,
other people think these demand-stimulus ideas warrant a serious
response.
Government taxes cigarettes to stop people from smoking, not to get
them to smoke. Government fines speeders so they won't speed, not to
encourage them to drive faster. And yet contrary to common sense, it
seems perfectly natural to some people that government would tax people
who work or companies that are successful only to give that money to
people who don't work and to bail out losing companies. The thought
never crosses their minds that these policies are the very reason why
our economy is in such bad shape.
I'm beginning to think that Irving Kristol was correct when he wrote,
"It takes a Ph.D. in economics not to be
able to understand the obvious."
[Arthur
Laffer— How to Fight Black Unemployment ]
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I think they'd have a better grasp if their salaries were cut in proportion to the national debt. Come to think of it, that's an idea thats time has come. In my dumbass 101 economics, that means they receive a salary of $0.00, which is what they deserve.
ReplyDeleteJess, we *could* pay them last, after every other thing they have legislated to eat at the public trough. If there's no moolah left, they go hungry. If they've been wise and responsible, they'll get some pay. Their choice.
ReplyDeleteAfter all, they have failed to even pass a budget, required by law, for the last two(?) years. They have not done their job, why should they be paid?
tomw