Is the fastest way to prosperity to cut government spending and let the people keep more of what they earn?

Question by Liberty1: Is the fastest way to prosperity to cut government spending and let the people keep more of what they earn?
It seems that there is a lot of talk about stimulus packages that involve the government spending tons of cash that it doesn’t even have and that it will likely be unable to pay back, along with the huge interest that will inevitably be attached to it. It seems that the short sighted infusion will actually cost us more dearly over the long term. Does it make sense to consider another approach that makes more money immediately available to each and every taxpayer – namely, decrease taxes and government spending?

Best answer:

Answer by DAR
YES!!!!!

http://www.marketoracle.co.uk/Article8527.html

What they are doing now is the same thing Hoover and FDR did that turned a recession into a depression. http://www.newsroom.ucla.edu/portal/ucla/FDR-s-Policies-Prolonged-Depression-5409.aspx?RelNum=5409

You can’t borrow and spend your way out of a problem caused by too much debt and overconsumption.

What do you think? Answer below!




15 Responses to “Is the fastest way to prosperity to cut government spending and let the people keep more of what they earn?”

  1. Anne F says:

    Nope. We tried that. Twice. It failed. Both times.

  2. Reality has a Liberal Bias says:

    Tax cuts don’t fix bridges.

  3. Fretless says:

    So, you’re saying that the quickest way out of a hole is to keep digging… good thinking.

  4. Joseph says:

    Yes, because our economy depends on consumer rates and sales which cannot thrive if our government takes money from people’ wages (including small businesses).

  5. wooper says:

    You asked about the fastest way…and decreasing taxes and government spending would not be that. Even Ben Stein, a very strong conservative, said money needs to flood into our markets to turn the economy around rapidly. Even if it means the treasury prints the money and increases inflation, that is what is necessary.

    I agree with Ben.

  6. greentadpole says:

    The problem with our economy is that all of us have overspent for too long. People have used credit too much and neglected any savings. I believe nothing will change the current economic stagnation until Americans pay down debt and put money into savings.

  7. wes S says:

    Finally, someone gets it!

  8. Kaz says:

    Yes and if you click your heels together 3 times “well you know the rest”

    I love these “just do this and it’s all fixed” questions/answers.

  9. Captbieg says:

    Yes, cutting taxes, decreased spending and let free markets work. Enforce regulations that are in place. Keep the graft and illegal actions in check. Building bridges will not spike the economy

  10. Bill says:

    No. That is only the way to properity for people who already earn, or have, alot.

  11. dell_fargus says:

    The government is allowing businesses that made awful decisions to continuing making awful decisions. Let them fail. Let them face the consequences of their actions.

    If I spend my entire savings and max out my credit cards at a casino, should I be entitled to get it all back at somebody else’s expense?

    The whole deal encourages corporate irresponsibility, massive government, and higher taxes.

    I don’t care who you are, no sane person wants any of that.

  12. Call Me Bwana says:

    In a word, yes.

    That is the most expedient and constitutionally consistent manner to turn a down economy around.

  13. saraph83@ymail.com says:

    the stimulus would make the economic situation worse because the Gov’t overspends our money and leaves us the tab and the stimulus would just allow them to spend more.
    these people caused the collapse and now they’re enaging in order out of chaos (by trying to fix it) but it won’t work because either this year or next it will crash hard and then they will force a different currency on us either another type of 9/11 will happen to cause the economy to crash or their spending in DC will, either way it will crash if they don’t remove the debt based monetary policy soon

  14. KD says:

    We need to either create new jobs by cutting taxes and allowing people to keep more of their money. OR, If dems absolutely have to have a bailout stimulus package then they need to give that money directly to the average worker. That is the best way to infuse capital into the system to create jobs.

  15. eileen4330 says:

    Wes and I seem to agree.
    Instead of going to the expense of printing and mailing checks, just don’t take money out of paychecks.
    Both methods put money in the hands of the people, this way is less expensive.
    Don’t raise taxes, if the Economy is to benefit it has to be because people will buy that car, replace those boots, eat dinner out, pay the electric bill.
    Raising taxes makes that more difficult.