Wednesday, November 17, 2010

Economics Primer for the Tea Party

  • Lowering taxes will not reduce the federal deficit and debt
  • Historically the federal deficit and debt have decreased during periods of economic growth
  • Unemployment is the single biggest obstacle to economic growth
  • Businesses and corporations add jobs only when there is an increased demand for their products and services
  • Increased spending is the only factor that results in an increased demand for products and services
  • decrease in government spending will lead to an increase in unemployment
  • Raising taxes on those wealthy individuals who do not spend a significant fraction of their wealth or income will have no negative affect on economic growth
Questions for the Tea Party:
What have you learned?  Virtually every single initiative espoused by the Tea Party will worsen the economy and worsen unemployment.
Will learning that change your mind? Absolutely not!
Why? Rush Limbaugh and Glenn Beck have not told me to change my mind.

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