national debt

Wednesday, June 13, 2012

Time for "The Left" to go back to School?

By Tim Shaw Sr.            

Why do these people on the left find it so hard to learn something so simple that I learned in my High School Economics class?
Local governments get operating costs from local taxes which are generated by local private sector economic growth, activity and wealth creation. With these tax funds local governments can hire public employees, firemen, police, teachers etc......
When Romney says it's not a good idea to borrow money from China (subsituting for wealth creation) to hire public employees, he is mocked, and intellectuals like Joy Behar think it would be funny to see his house burn down, ha ha.

If we can get Mitt Romney in the White House, he understands High School economics that new wealth is created by expanding the private sector, which increases tax revenue and allows local government to hire more critical local employees.

Obama mocks High School economics as "more of the same that got us into this mess." No Mr. President,  more of the same would be to get Fannie Mae and Freddie Mac to push sub-Prime loans to the unqualified for 20 years, as encouraged by "do gooders" in congress, and that would be "more of the same."
My simple suggestion would be that before the national debt be increased, all members of the Executive and Legislative branch go back and take your High School economics class again, forget the hot looking person sitting next to you, and pay attention this time.

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