In response to:

Obama Pursues Higher Tax Rates, Growth Be Damned

robinsky2 Wrote: May 21, 2012 11:20 PM
Barone for President!
oldnjal Wrote: May 22, 2012 12:15 AM
In a thriving economy, We can fund these highway systems, and support a huge burden of government employees and projects. Not so at more than 8 percent unemployment, with millions thinking they can make it, not working at all, or are too discouraged to continue.
We could, back then, look the other way, as government and union leadership fleeced America for the benefit of the union leader's salaries, perks and power, and to keep the politicians in the act of buying the vote (as is the nature of pure Democracy), The Founding Fathers knew this failing, and made us a Democratic Republic, but most citizens seem ignorant of the difference.

In the run-up to this weekend's G-8 summit at Camp David, journalists have unfavorably compared European "austerity" with Barack Obama's economic policies.

European spending cuts, the argument goes, have hurt people and are arousing political opposition, while Obama's proposals to keep federal spending at 24 percent of gross domestic product indefinitely are likely to succeed.

Evil Republican spending cuts, in contrast, would deny the economy needed stimulus and wreak havoc on ordinary people.

But the facts undermine the storyline. Veronique de Rugy of the Mercatus Center at George Mason University took a look at what "austerity" in Europe...