7/12/11

Supply Side Economics Have Produced Federal Debt Since 1981

Never since the era of cutting taxes and running a federal deficit was created by the Reagan administration has increased business growth brought enough additional tax revenues to pay off the deficit. Republican administrations have themselves increased federal spending at any rate treating the nation's infrastructure a little like the way the Red Army and The Fearless Leader regarded the German industrial infrastructure in 1946.

Since 1971 Republican leaders have downsized U.S. corporate employment wages and health benefits, job security and social economic egalitarianism while flooding the U.S.A. with illegal alien workers and relocating manufacturing to China over time.

President Obama through in the towel on letting Bush II era tax cuts expire in December 2010. Now the Republicans have the opportunity to repair the federal budget as did The President in December 2010 before he gave up. Walking on the supply side of the force has concentrated wealth and gutted America's immediate economic well being for those not owned by Darth.

Republicans can raise taxes on the rich and upper middle class and cut federal spending and tax dodgeholes and run a budget surplus to pay off federal debt straightaway. The instead rely on the completely discredited Laughferian supply side theories that will create more economic misery ahead for a nation already misguided by excessive Wall Street financial and trading deregulation.

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