Monday, February 9, 2009

My note regarding Porkulus to my Democrat Senator

You passed Porkulus!

Congratulations. You get to take credit for the recession deepening into Depression.

I don't understand how you think taking money out of the economy to spend on less productive things will stimulate the economy.
Japan tried this. They called the result the Lost Decade.

* Make the Bush tax cuts permanent.
* Cut Spending. Really cut it.
* Cut taxes. Specifically, remove corporate tax rates and make Social Security & Medicare optional.
* Allow interest rates to return to natural levels. This will hurt but the pain should be offset somewhat by the tax cuts.

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