RealClearPolitics - An Establishment in Panic: "What school of economic thought -- Keynesian, supply-side or monetarist -- says raising taxes in a slumping economy is the recipe for a return to prosperity? There is no such school.
Why, when the whole country is talking about the need to create jobs, would Congress raise taxes on a private productive sector that employs six in seven Americans and is the creator of real jobs?
In 1982, President Reagan agreed to the same deal being offered the party today: three dollars in spending cuts for every dollar in tax increases to which he assented. As he ruefully told this writer more than once, he was lied to. He got one dollar in spending cuts for every three in tax increases."
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