The American scene has changed since 1980 and not for the better. What is our biggest problem today? That’s right: the national debt. Everything to do with the national debt goes back to Ronald Reagan. And it is much more complex and sinister than just the numbers, which themselves are staggering. From the end of [...]
Entries Tagged as 'Reaganomics'
The Reagan Legacy
February 9th, 2011 · Comments Off · Capitalism, Economics, Politics
Tags: national debt·Neocon economics·Neocon politics·Reagan deficits·Reaganomics·Ronald Reagan·tax cuts for the rich·the Reagan Legacy
Voodoo Economics Versus Outright Fraud
July 16th, 2010 · Comments Off · Capitalism, Politics, Populism, Wall Street
Here’s what “Voodoo Economics” is all about. Voodoo Economics refers to a theory put forth by economist Arthur Laffer in 1980…and perhaps remains his personal approach…that says that when you cut taxes the economic benefits that will accrue from that greater spending capacity will so greatly increase the domestic output that the resulting taxes will [...]
Tags: Arthur Laffer·austerity·Neocon economics·Neoconservative tax cuts for the rich·Neoconservatives·Reaganomics·Right Wing Neoconservatives·tax cuts·voodoo economics