By Chrissy the Hyphenated
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There are two ways to reduce a deficit so you can pay down your debt.
- Increase income.
- Decrease spending.
As to the first, Democrats would like us to believe that increasing taxes is the same as increasing income, but that’s just not true.
The national income is the GDP (Gross Domestic Product). Increasing taxes does nothing to increase the GDP. It just diverts a larger portion of that money away from the private sector.
If anything, increasing taxes reduces the GDP, because it sucks money away from investors who otherwise would use it to create new businesses and new jobs.
The way to increase income in this country is to stimulate business growth. According to Wynn, a successful CEO and registered Democrat, that is never going to happen with Obama in charge.
As to the second, there is abundant evidence that Democrats are responsible for the vast majority of the frivolous spending … not that Republican politicians haven’t been very helpful in the past when it came to using the public trough for their own benefit.
It’s just that, by comparison, the data forces me to conclude they’re rank amateurs at wasting the public dollar compared to Democrats … especially the particular group of Democrats currently in power.
So here’s my prescription for the economy.
- Vote Obama and all the rest of the tax-and-spend Democrats out of office.
- Vote Obama and all the rest of the tax-and-spend Democrats out of office.
