Why Reaganomics has NEVER worked and son of a bitch is this Neuroworld guy reading my stuff!
Regular readers know how I feel about Reaganomics. At its best, it's a con. At its worst, well, here we are, tens of trillions in debt with tens of trillions more in unfunded obligations, millions can't afford houses, college, healthcare etc etc etc.
Obviously, I'm not a fan.
Now, I can understand why some people would be. Because, it seems so wonderful. In theory. It's like Celsius. Of course! Zero is freezing. 100 is boiling! Makes so much sense! But, actually, in practice, it sucks.
For the newbies who don't wish to scroll down or search the site, breaks down like this. Reaganomics never works, has NEVER worked and can NEVER work. And its exceedingly simple why: because it reduces the pain of government spending. THe less painful government spending, the more of it there is. Always. Forever. Every time. Without fail.
Remember, no one will ever turn down $1.00 for 80 cents.
For those people that truly want to decrease the size of the government and truly want to cut government spending there is only one solution: make us -- now -- feel the full pain of that spending. If we spend a trillion, we pay a trillion. If we earmark 2 trillion, we pay 2 trillion. I know you don't like it. I know it limits some programs. But it is the ONLY way to reduce spending.
And then son of a bitch I get a link to a guy who is EMPLOYED to write stuff and here's what he says (and, yes, I have readers from his area but no I have no idea if he personally has read my blog):
Republican idea, however, is largely discredited by what we know about tax pain and tax rates: Starve the Beast (the idea that cutting taxes will force the government to shrink). As Bill Niskanen argues here [PDF], GOP tax cuts seem only to have fueled the growth of government by luring the American people into believing that government can give us a lot of services for a little money — when, in fact, we’re just borrowing up to our eyeballs. The best way to make people want smaller government may be to let them pay for it and to let them know they’re paying for it.
Listen to me, boys and girls. We are in an age of the transformation of everything. Yes, everything. I'll get you to the other side, safely. But you will have to abandon most of what your parents taught you.