Taxes versus Spending

Here is a link to a good article from Real Clear Markets which demonstrates that fiscal stimulus based upon tax cuts is more likely to increase economic growth than Keynesian spending increases (like the $800 billion Pelosi/Obama borrow and spend stimulus that has failed to stop unemployment from reaching 10+%.) The authors of the article also argue that spending cuts do more to reduce deficits than tax increases. Both of these assertions have mountains of data to support them and have been argued by Presidents like Kennedy, Reagan and even Clinton in the past. The current administration, composed of lifelong bureaucrats rather than former private sector wealth-creators, is blissfully unaware of such clear thinking.