One of the strongest elements of Mitt Romney's spectacular debate performance was his decisive rejoinder to the president's oft-repeated allegation that the Republican plans to raise taxes on middle class families. Obama said Romney has designs on an unpaid-for $5 trillion tax cut that would eventually necessitate higher tax bills for average Americans. Romney flatly rejected the claim by calling it false, then explained what he actually has in mind. But the president returned to the "$5 trillion" well on several subsequent occasions, prompting more rebuttals from his challenger. FactCheck.org and CNN reviewed Obama's accusation, and found it wanting....
In response to:
"You still have not answered my question, why won't the private sector hire, they have the money, lots of it. " BECAUSE THERE IS A LACK OF AGGREGATE DEMAND! Want to fix the economy? Simple - the government needs to act as the buyer of last resort and BUY stuff from the private sector. It really is that simple and it's Econ 101. ANYONE who believes that cutting taxes will somehow magically kick-start the economy is economically illiterate (and that's 100% of the Republican Party, Paul Ryan and Mitt Romney.
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