Are you smarter than a politician?
The New York Times > Log In
Quote:
The evidence, however, is hard to square with the theory. A recent study by Christina D. Romer and David H. Romer, then economists at the University of California, Berkeley, finds that a dollar of tax cuts raises the G.D.P. by about $3. According to the Romers, the multiplier for tax cuts is more than twice what Professor Ramey finds for spending increases.
There seems to be two camps:
The Obama [ and one can rightly say the Bush admin ] camp that thinks the best use of money is to take it, I mean, tax people and "spread" it around as determined by the politicians.
For example:
Big Dig's red ink engulfs state - The Boston Globe
Or Medicare part D
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The other camp believes that workers should keep as much of the money they earn and let the individual determine how their money is spent, without effecting other people.
Hey, was not the Boston tea party just about this issue?
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For those who are in the Obama camp, can you give me examples of how the government spent your tax dollars better than you did? ;)
If you don't pay taxes or have not paid taxes - your answer is null and void.
G&P