economic decline

[goducks14]

No we haven't borrowed all we can. Just take a look at what our Congress did a few days ago with the budget. They are like pigs at the trough. The Santa Claus politicians will continue until we are like Greece or we turn them out.

The Two Santa Claus Theory is a political theory and strategy published by Wanniski in 1976, which he promoted within the United States Republican Party.[14][15] The theory states that in democratic elections, if Democrats appeal to voters by proposing programs to help people, then the Republicans cannot gain broader appeal by proposing less spending. The first "Santa Claus" of the theory title refers to the Democrats who promise programs to help the disadvantaged. The "Two Santa Claus Theory" recommends that the Republicans must assume the role of a second Santa Claus by not arguing to cut spending but offering the option of cutting taxes.[citation needed]

According to Wanniski, the theory is simple. In 1976, he wrote that the Two-Santa Claus Theory suggests that "the Republicans should concentrate on tax-rate reduction. As they succeed in expanding incentives to produce, they will move the economy back to full employment and thereby reduce social pressures for public spending. Just as an increase in Government spending inevitably means taxes must be raised, a cut in tax rates—by expanding the private sector—will diminish the relative size of the public sector."[15] Wanniski suggested this position, as Thom Hartmann has clarified, so that the Democrats would "have to be anti-Santas by raising taxes, or anti-Santas by cutting spending. Either one would lose them elections."[16]

[Houndbb]

As long as the bourbon market is stable,,,,,,,,,,,,,,,,,,,,😎

I don’t see a problem there, Ted. That, fine wine, and craft beer.

[Dick Noble]

The first assumption of the dismal science (economics) is that all decisions are economic. We know that does not hold water or there would not be very many RV's sold. The second assumption is that economics is driven by supply and demand. These also determine the price of products. Big supply, low demand = lower prices and the other way around. This is why supply-side economics is called "voodoo" science. Increasing supply alone will cause prices to drop but cannot increase an economy without an increase in demand for goods and services. Cutting taxes (unless it increases demand) will not increase an economy. This is why giving money from the government to banks does not work, it does not increase demand. It is also why when government funds infrastructure it will increase the economy -- it gives wages to workers which increases demand. Cuts in taxes will increase demand but only if taxes on labor (or others who will spend the dollars) are reduced. Next time we might get into Lord John Maynard Keynes "General Theory of Employment, Interest and Money".

[Canyonlight]

Attached link to news report (video and text) from Ellhart, IN published today:

https://rv-pro.com/news/video-elkhar...U0MTUwMDMyNQS2

Dan