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The Economy in 2015 Might Shock You

johnm h Wrote: Nov 19, 2012 11:21 AM

Shrinking spending does not suck money out of the economy, it reduces forced borrowing. Raising revenues also reduces forced borrowing. How we raise revenues matters greatly. Growing the economy,while reducing the tax burden on investors, entrepreneurs and savers is the way to raise revenues i.e. a consumption tax. Only deluded Keynesians still believe that government "stimulus spending can add to national wealth or that raising savings would harm investors. It is just the opposite and difficult to know why that is not obvious.

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The Economy in 2015 Might Shock You

In the summer of 2015, either one or both political parties will begin the search for their next presidential. By that time, the whole tenor of political positions will have sharply changed.

At least, we can only hope so.

That's because our economy is unlikely to handle three more years of gridlock, which keeps us stuck in a phase of higher government spending and shrinking revenue. Any day now, the ever-rising mountain of debt will need to be addressed. In the face of inaction, the bond market will have spoken by 2015 anyway, as "bond vigilantes" force...

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