CBO Agrees: Less debt, lower tax rates good for economy, jobs & growth

June 7, 2012 05:37

Rep. Paul Ryan questions CBO’s Doug Elmendorf on how tax rates and debt effect economic growth. It’s like telling a family that they’ll be better off financially if they live within their means. It’s pretty sad that this simple fact needs to be explained in painstaking detail to our president and his constituents. But facts don’t matter to ideologues like Obama.

To Obama and the socialist Democrats it’s not about increasing revenue. It’s about income redistribution. “Progressives” want to use the government to take from producers and give to those who will vote for them. This is how all democracies eventually die. As Margaret Thatcher once said, “Socialist governments traditionally do make a financial mess. They always run out of other people’s money. It’s quite a characteristic of them.”

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