In response to:

Republican Sellout Invites Stagflation

Archie1954 Wrote: Dec 22, 2012 1:42 PM
GW Bush lowered taxes beginning over ten years ago and look at the economy. I think current circumstances put the lie to your concern of taking money out of the economy. That money was taken out over the last decade and went into the pockets of the rich to stay there.
dieseldriver Wrote: Dec 22, 2012 1:56 PM
It's the spending. They keep increasing the spending and printing money to pay for it. Tax decreases almost always and did for GWB, increase the actual revenue amount. The less the government interferes and the less they take out of the economy the bigger the economy becomes. It is true in economy as it is in physics, a rising tide raises all boats. A rising economy helps everyone and increases the money and the actual value that the government takes in. Conversely, the printing of money from nothing sinks everyone except those printing it. It is a de facto tax on poor as well as rich because our dollars buy less and less. Obama said that his tax rate hikes have nothing to do with increasing revenue and everything to do with "fairness".

While it may not be a surprise that the Republicans are preparing to yield on their vow to oppose tax hikes, it should raise investor concerns the world over that an upcoming budget agreement will likely involve a Congressional surrender of its authority to set the federal debt ceiling. In exchange for this, it appears that the Republicans have simply done nothing to halt, or even curb, the dangerous federal spending trajectories or the current drift towards greater state control of the economy. President Obama has politically outmaneuvered the Republicans, even going as far as evoking the Newtown massacre as...