Tuesday, March 26, 2013

Conservative Economists Want To Soak The Poor To Fix The Economy

The WSJ found a group of conservative economists to develop a plan to stimulate the economy.  Their plan ignores the factors that caused the Great Recession, and those that are responsible for weak demand by consumers.  They believe that our economic problem is over-generous entitlement programs.  The bedrock idea among conservatives is that we need to reduce taxes on the rich, and on corporations.  If we reduce taxes, we must cut government spending.  The spending cuts that are most attractive to them are those that ordinary Americans depend upon.  Somehow they believe that cuts to government spending will fix an economy that was badly damaged by predatory bankers and suffers from high unemployment.  We should give their plan another title.  We should call it a plan to justify tax cuts and produce a smaller government.  That is what every conservative plan is about.

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