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Democrat Debt Solutions: Tax the Rich, Spend More Money

Posted: September 14, 2012 at 12:45 pm   /   by

This really is crazy, crazy stuff. The degree to which these people don’t understand economics, mathematics, or even basic logic is astounding. These are Obama’s supporters. Tragically, the president has made it clear that his grasp of these concepts is little better than theirs.

LANGUAGE WARNING for one word, used several times, that is rather coarse and NSFW.

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 As the national debt finally passes the $16 trillion mark, are Democrats serious about addressing deficit spending?

Several Democratic delegates and supporters that Reason TV spoke with at the 2012 Democratic National Convention said that Democrats care deeply about the debt, but when it came to offering solutions, they said that serious reductions in government spending would actually be counterproductice. Instead, many suggested increasing public works spending to stimulate job growth, despite the fact that President Obama’s first stimulus still hasn’t moved the economy above 8 percent unemployment.

They also defended Obama’s proposal to raise taxes on anyone earning more than $200,000 a year, even though this won’t even come close to closing the annual budget deficit.

 

Christopher Cook
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Christopher Cook

Managing Editor at Western Free Press
Christopher Cook is a writer, editor, and political commentator. He is the president of Castleraine, Inc., a consulting firm providing a diverse array of services to corporate, public policy, and not-for-profit clients.

Ardently devoted to the cause of human freedom, he has worked at the confluence of politics, activism, and public policy for more than a decade. He co-wrote a ten-part series of video shorts on economics, and has film credits as a researcher on 11 political documentaries, including Citizens United's notorious film on Hillary Clinton that became the subject of a landmark Supreme Court decision. He is the founder of several activist endeavors, including AnyStreet.org (now a part of Western Free Press) and Liberatchik.com. He is currently the managing editor of and principal contributor to WesternFreePress.com.
Christopher Cook
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Comments

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Democrat Debt Solutions: Tax the Rich, Spend More Money