Its about bloody time the left begins standing up to this BS that has been propagated by Laffer and the Reagan Admin.
Supply side economics did not trickle down, it defied gravity and floated up.
"And if all others accepted the lie which the party imposed -- if all records told the same tale -- then the lie passed into history and became the truth." ~ George Orwell, 1984 (published in 1949)
House Majority Leader Eric Cantor was in town yesterday (specifically, at Stanford's Hoover Institute where he could surround himself with sympathetic Republicans) to tell this whopper: "Cutting the federal deficit will create jobs."
It's not true. Cutting the deficit will creates fewer jobs. Less government spending reduces overall demand. This is particularly worrisome when, as now, consumers and businesses are still holding back. Fewer government workers have paychecks to buy stuff from other Americans, some of whom in turn will lose their jobs without enough customers.
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