Brief for Monday
“So what do the Republicans leave out in their rebuttal to the grim Democrats? They leave out that they have an economic model that is proven. It’s called supply-side economics. According to the model, one does not raise taxes on anyone, certainly not in times of economic unease. The very rich might be slobs or they might be living saints, but like everyone else, their taxes are not to be raised because they spend their money or invest their money in economic growth. They cannot help themselves. The way they spend or invest is always more efficient than the government. Money spent by the rich (and the middle class) leads to growth. Money spent by the government rarely leads to growth, and the following year the government has to come up with more money again. … Government is not a reliable source of funds. Ask a citizen of Greece or of Italy.” –columnist R. Emmett Tyrrell
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