Current Texas House Speaker Joe Straus, just like Barack Obama, believes "you can't cut your way to prosperity."
This, of course, is a self-serving economically-illiterate lie that Joe Straus is pushing as a smokescreen to raise your taxes.
Back in August, I addressed this phenomenon at the national level:
A long time ago, economists identified a phenomenon called crowding out. Crowding out is a fancy-pants, highfalutin' term that means when Washington D.C. spends us into oblivion, there's less money left for businesses and consumers to consume and invest as they see fit. Given that Business Investment is the primary driver of economic growth, any action that restrains Washington D.C.'s ability to crowd out business investment promotes economic growth and productive employment.Substitute the word Austin for Washington D.C. and you understand why the notion that "you can't cut your way to prosperity" is just as big of a lie when it's said by Joe Straus as it is when it's said by Barack Obama.
The number one way to restrain Austin's ability to crowd out business investment is the Texas Budget Compact, which Joe Straus dogmatically opposes.
That's why Cahnman's Musings supports Bryan Hughes for Texas House Speaker!!!
hahahaha, you post this driveling idiocy on the exact same day that Europe announces that austerity drove them back into recession.
ReplyDeletehttp://www.washingtontimes.com/news/2012/nov/15/europe-confirms-double-dip-recession/
I post a Washington Times article because I know you won't accept any facts unless they come from a Murdoch-owned news network.
Adam, I know this is hard for you to accept, but your religion has made you stupid. There are no magic snakes, and Jesus isn't coming back. You're nothing more than textbook dumb white trash.
Riiiiiiiiiiiiiiiiiiiiiiiight, because there's nothing more convincing than straw man arguments and childish name calling....
DeleteYou want to know what should be convincing? The simple fact that snakes don't talk, and your entire moral code rests on the idea that they do.
ReplyDeleteIf you weren't emotionally committed to magical thinking, you would realize that it isn't a strawman to use Europe's catastrophic experiment with austerity as an example that "cutting your way to prosperity" just pushes you further from prosperity.
And you can pretend it's a childish insult if you want, but you the simple truth is that you are the epitome of dumb white trash. I only tell you this because I think there's some hope that you will recognize this, recognize that snakes don't talk, and reassess your entire dumb-white-trash philosophy about life.
Well yeah, except for the fact that Europe hasn't actually pursued anything remotely resembling 'austerity' on the spending side, and most of the 'austerity' plans they've approved are thinly veiled tax hikes:
Deletehttp://www.zerohedge.com/news/europes-phantom-austerity-spending-cuts
And, while we're on the subject, there is one country in the Eurozone that has practiced prudent financial stewardship in the current crisis, and that's Estonia:
http://www.zerohedge.com/news/europes-phantom-austerity-spending-cuts
But hey, why let facts get in the way of a convenient narrative?!?