Do people understand the basic economics of taxation and spending.. ?

Nobody understands anything at all about economics. They gave all their responsibilities to the government, and they don't ever want them back for any reason.

Most people don't even know the basics of government much less economics. You do not help the poor by destroying the rich. Several years ago the government decided to raise the taxes on yachts to some ridiculous rate, the rich can afford it. So what happened? The rich quit buying yachts - didn't hurt them any. They bought something else instead. But it surely killed the yacht building business. Thousands of boat builders lost their jobs and many companies went out of business. The boat building business was almost destroyed before the idiots in congress could realize their mistake and repeal the tax increase. Even democrat presidents John Kennedy and Bill Clinton understood. Why don't the present day democrats???? They are trying to repeal economic laws but they can no more repeal economic laws than they could repeal the law of gravity. These socialist/Marxist plans have never worked and they never will. They didn't work in the Soviet Union and they aren't working in Cuba.

Odd you bring that up, knowing that republicans have spent the past year desperately trying to get out of the 4 trillion in across the board spending cuts that Obama fully supports.

Remember, it's your party that says that they will not EVER agree to increased revenue....no matter how much cutting is done. Even 10 to 1 cuts Vs revenue and every last republican candidate refused. Nevertheless, Romney's tax plan does increase revenue, and 95% of Americans will see their taxes increase under his plan......but he isn't promising to cut spending. His plan actually increases spending. If republicans bothered to read his actual plan, there is no way they could support him.

Spending needs to be counter cyclical. Governments should pay off their debts during boom times, and and deficit spend when the economy starts to tank. We have been deficit spending now, which is great but this country has had a hard time paying off its debt during the good times. Regardless of whatever political party.

Deficit spending is not bad at all in the short term, despite the seemingly bullet-proof logic of "dont spend more than you earn" In fact, any study done on the stimulus that was passed by both Ds and Rs saved several million jobs. We also even earned a profit on TARP from interest on the loans.

Long story short, its more complicated than just "spend less than you earn"

yeah,we do..remember the great depression?..we SPENT our way out of that..more roads,bridges,parks etc.=more money in peoples pockets= they spend it on ****=people open new businesses with more **** to buy=they hire employees to sell said ****= even more jobs=more people buying **** etc..and all these people are paying taxes at the same time to pay back the original SPENDING..the biggest problem with the stimulus was too much was for bailouts of ceo bonuses,and tax cuts..instead of shovel ready jobs..it should have actually been bigger and we'd already be in less debt and better off.

Tell you what: When the rich actually begin pay their dues instead of tax dodging and it's still a sinkhole, we'll talk. Till then **** you and the expensive *** horse you rode in on.

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