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News Link • Economy - Economics USA

Monetary Chickens Coming Home To Roost

• www.drscoundrels.com
Do you think our Congress is listening? Europe is falling apart, capitalistic socialism is failing, their bailouts are getting worse and yet we have a Speaker of the House of the lame-duck session of our Congress to is unwilling to do what historically proved to be the best medicine for a failing economy: cut government spending and cut taxes. Before 1929 whenever the United States got into a panic, as recessions were called then, the government simply cut back on spending and reduced taxes to encourage business and growth. This is a historical fact that cannot be ignored. Franklin Delano Roosevelt ignored that fact, and had a protracted recession called the Great Depression that he never managed to get out of himself.

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