The Republican-held House of Representatives has passed Paul Ryan's FY 2014 budget, as well as the final version of a "continuing resolution" that will fund the federal government through the end of the current fiscal year. The latter item locked into place the reduced spending baseline established by the sequester. It does not defund Obamacare, although the GOP FY 2014 budget does. As I wrote earlier, the House rejected a trio of Democratic alternative budgets yesterday, including the Senate Democrats' offering -- which raises taxes by $1.5 trillion, increases overall...
Then explain to me why inflation slowed down in the 80s when Reagan cut taxes? As far as government spending goes, if it's excessive relative to GDP, it eventually will lead to either bankruptcy or severe inflation. We are long past the point where it passes the "excessive" threshold. There are too many examples to show you but let's start with Japan or Argentina or Greece or Spain. Again, the entire list is too long to spell out
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