monk222: (Lone Wolf)
monk222 ([personal profile] monk222) wrote2008-01-25 12:04 pm

The Laffer Curve Guy Speaks Out Against the Democrats


Mark my words: If the Democrats succeed in implementing their plan to tax the rich and cut taxes on the middle and lower income earners, this country will experience a fiscal crisis of serious proportions that will last for years and years until a new Harding, Kennedy or Reagan comes along.

-- Arthur B. Laffer for The Wall Street Journal

Funny, I thought we were already suffering some serious fiscal catastrophes that promise to last for years and years after eight years of supply-side Bush. The house is already on fire, but thanks for the prediction, Nostradamus.

A lot of economics in the news these days, which can make for some opaque reading, but one can catch the punch lines.

xXx

Post a comment in response:

This account has disabled anonymous posting.
If you don't have an account you can create one now.
HTML doesn't work in the subject.
More info about formatting