Wednesday, February 2, 2011

What the GOP at it again with fuzzy economics! Oh wait we call it~

So when was the last time some said let's cut all government spending across the board.

Oh, yea Ronnie Regan did when he was President and everyone, save real number crunching economist hailed it as a revolution.    So what was the problem.   Then like now the Federal Gov is throwing money into a cement mixer of DHS/NSA/DOD/CORP pig troughs at levels not seen since the Gipper.

The result has been unprecedented government debt. Reagan has tripled the Gross Federal Debt, from $900 billion to $2.7 trillion. Ford and Carter in their combined terms could only double it. It took 31 years to accomplish the first postwar debt tripling, yet Reagan did it in eight.http://mises.org/freemarket_detail.aspx?control=488

What he did was to raise levels of spending at increasing rates mainly in DOD and Overseas Aid, I can still remember by Econ 300 teacher posting the carts showing the growth across these areas verses anything that would help the non million class of US Folk in Education, National Infrastructure, Public Health and the record of the GOP when it comes to taking care of Veterans speaks for itself.  

We'll send them to war in a minute yet we won't spend a dime more then the public makes us to take care of them once they are home.  Let's call them heros and btw our banks need more tax payer money.

Because what he did next is just what the current Congress is proposing. After dumping so much extra money in the usual stoved-piped special interest areas the big plan is to cut everyone across the board.  Some agencies that have not seen funding increases in years (because we have to save big business) when viewed against DHS' or DOD's drunken binging budget days is not even close to be equal cuts.

It's like giving someone a mile head start in a 3 mile race and exactly why we call it Voodoo Economics.






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