Saturday, September 1, 2012

Hard Choices

One of the messages that has come from this week's GOP Convention is that Republicans are willing to make hard choices while Democrats aren't.

I find that puzzling as there has been little evidence that Republicans in Congress have been willing to make hard choices about the federal budget. Locked into a no new taxes ideology, many in the GOP are unwilling to see that one of the hard choices that must be made is to raise taxes. Budget cuts will not be enough to eliminate the deficit, and the trickle down theory that low tax rates for the rich will magically revive the economy and raise federal revenues is just a theory. What does work is making sure that middle and low income households have enough money to spend. Increased demand for goods and services creates jobs. A million dollars in the wallet of one person does not create as much demand as one thousand dollars in the wallets of one thousand working people.

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