Quote (Thor123422 @ Aug 25 2016 07:00pm)
He set the initial stage, although with how old our society is getting it might have been unavoidable. Lower taxes don't lead to higher growth, and in many cases can retard long term growth even if it gives an initial boost.
Lower taxes are effective in spurring growth so long as investments in infrastructure are taking place and basic social order is preserved. The government often allocates resources less efficiently than would the market.
Our entitlements are eating up a staggering proportion of revenue, there would be funds for infrastructure if we could only get them under control.
In reality, entitlement spending needs to decrease and discretionary spending needs to go up.
This post was edited by bogie160 on Aug 25 2016 06:13pm