Bachmann is a Liberal Democrat now?
who'da thunk it.
Indeed, it is a horrible thing if you NEED that spending to avert a depression, or serious recession. Or if voters actually WANT that spending to support a social safety net.1.Reduce Growth of Government spending. (OMG!!! What a horrible thing!!!)
Yes, it is a horrible thing if you don't have enough revenue to pay for the spending that most Americans want.2.Reduce Income Tax and Capital Gains Tax. (OMG!!! What a horrible thing!!!)
Absof*ckinlutely a horrible thing if, as we've seen very recently, a paucity of regulation allows the free market to go haywire and implode.3.Reduce Government regulation. (OMG!!! What a horrible thing!!!)
That was Volckenomics -- not Reaganomics.4.Control the money supply to reduce inflation. (OMG!!! What a horrible thing!!!)
"The necessaries of life occasion the great expense of the poor. They find it difficult to get food, and the greater part of their little revenue is spent in getting it. The luxuries and vanities of life occasion the principal expense of the rich, and a magnificent house embellishes and sets off to the best advantage all the other luxuries and vanities which they possess. ... It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion."
-- Adam Smith