The second episode took place 60 years later, in Japan. In 1996-97 the Japanese government tried to balance its budget, cutting spending and raising taxes. And again the recession that followed led to a steep fall in private investment.
But wait! When the Conservatives tried to cut taxes, they were wrong. Sounds like he is supporting supply side economics to cure a recession.
and
Although public debt isn’t as bad a thing as many people believe — it’s basically money we owe to ourselves — in the long run the government, like private individuals, has to match its spending to its income.
Well Paul, acutally, we are borrowing from future generations.
He is a dope, he does not even realize that he is agruing a varient of Conservative economics. Let's use some money to untie the system (I think almost done) shirnk the size of government, cut taxes and get the hell out of the way and let Americans produce.
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The second episode took place 60 years later, in Japan. In 1996-97 the Japanese government tried to balance its budget, cutting spending and raising taxes. And again the recession that followed led to a steep fall in private investment.
But wait! When the Conservatives tried to cut taxes, they were wrong. Sounds like he is supporting supply side economics to cure a recession.
and
Although public debt isn’t as bad a thing as many people believe — it’s basically money we owe to ourselves — in the long run the government, like private individuals, has to match its spending to its income.
Well Paul, acutally, we are borrowing from future generations.
He is a dope, he does not even realize that he is agruing a varient of Conservative economics. Let's use some money to untie the system (I think almost done) shirnk the size of government, cut taxes and get the hell out of the way and let Americans produce.
Amen Dr. Jimmy!
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