Orenthal wrote:JB agree 100% that spending what you take in is far better then allowing debt to pile up at an alarming rate. I believe even better then that is to make such an equalibrium point as low as possible to prevent overwhelming government intervention.
On this one JB I think you are totally wrong.Cutting spending during a serious recession is an old tctic perfected by herbert Hoover.
You corrected me sometime ago on one of my historical missteps. I admitted it, and on this one would expect the same. Hoover was not a cutter, he blazed the trail for FDR, and was the polar opposite of Coolidge. Coolidge hated Hoover, but blah blah heere is an article on the subject...
Also read in much more detail about the exact time period in the book, The Forgotten Man, but the author of that was already attacked when I brought it up in the book thread... I suppose the WSJ opinion piece may be attacked too, even though the author is from Bidness Week.
Who is your new avitar, OJ ?