Lead (Pb) price continues to skyrocket
In article , "Hawke" wrote:
Because they use the reasoning "Reducing taxes stimulates the economy,
increasing business and creating more jobs, which means more salaries are
being paid out and taxed, which brings more money in as taxes." In
reality,
supply-side economics is fundamentally flawed and the boost to the
exonomy
comes from government borrowing and spending.
That's absolute nonsense. Government borrowing drives interest rates up by
increasing the demand for borrowed money; perhaps you'd care to explain
how
increasing interest rates boosts the economy? And government spending
never
provides as much of a boost to the economy as the same amount of private
spending -- they can spend only what they take from us, but far less
efficiently.
Then why are the republicans borrowing and spending like there is no
tomorrow?
Because many of them, including -- perhaps especially -- the President think
that they can buy friendship.
--
Regards,
Doug Miller (alphageek at milmac dot com)
It's time to throw all their damned tea in the harbor again.
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