DOR,
that's not quite right. the problem with Keynesian economics is that GOP politicians won't save for a rainy day.
Bill Clinton did just fine during the 1990s boom, leaving a surplus. Obama did just fine with the economic recovery, with the deficit decline. HRC's platform contained revenue increases to balance her spending/tax cut priorities.
meanwhile the GOP passed a $1.5 trillion taxcut (over 10 years) and is proposing another round of tax cuts that will cost $3.8 trillion over 10 years, all of which is unpaid for.
At its most basic, theoretical level, the only problem with Keynesian economics is that politicians won't save for a rainy day.
Bill Clinton did just fine during the 1990s boom, leaving a surplus. Obama did just fine with the economic recovery, with the deficit decline. HRC's platform contained revenue increases to balance her spending/tax cut priorities.
meanwhile the GOP passed a $1.5 trillion taxcut (over 10 years) and is proposing another round of tax cuts that will cost $3.8 trillion over 10 years, all of which is unpaid for.
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