rushtomyleft wrote:Based on historical evidence. How is Cuba doing? The former USSR? Greece? Most of the rest of Europe? England was a huge economic power, that is until the early 20th century.
The UK is still a majot economic power. We lost it due to over-reliance on 'free trade', lack on investment, military adventure and arms races and... oh, divesting of Empire. Still, despite having a population of about 60M, we are still in the top 10 nations economically.
Most of Europe is still rich. Some countries are
very rich, and it's not actually easy to say that it's down to how much 'government' they have. Singapore is a great example of a state that became successful through central planning and under a pretty much one-party state.
Oh, and who knows how well Cuba would do if it's former major trading partner had not given it the cold shoulder (before the USSR made friends with them) and then led a decades long trade embargo?
So the fact that our spending has doubled in the last ten years has had no effect!!!
Oddly, as a proportion of GDP, and accounting for economic cycles the extra spend on foreign wars, it's not much different. tax revenues, however have gone down.
As for sarcasm I was referring to the 'wise old bird' comment. Unless of course that wasn't being sarcastic. Or maybe I don't know what sarcasm is either.
Oh, it was sarcasm. Hence the smiley
And finally you are correct once again that simply reducing taxes will not be the answer. It would need to be concurrent with a balanced budget amendment.
Why not just start with trying to balance the budget without adding more complicated goals? Of course, a balanced budget amendment is all very well, but how does it adjust for the economic cycle, and do you really want a situation where the government has a surplus?