Re: Keynesian State of the Union

["Henry C.K. Liu" <hliu@xxxxxxxxxxxxxx>]

No, no, no! Every dollar the taxpayers spend ultimately came from the government.
 O'Neill, like Reagan, is standing on his head.

Henry C.K. Liu

Warren Mosler wrote:
> Just saw O'Neil on tv reminding us that
> every $ the govt spends ultimately comes from
> the taxpayers.
>
> Warren
>
>
> --- slarson <slarson@xxxxxxxxxxxx> wrote:
> > > ===== Original Message From "Henry C.K. Liu"
> > >     
> > <hliu@xxxxxxxxxxxxxx> =====
> > > A"high-end" tax cut is essentially a supplyside
> > >     
> > measure, not Keynesian.
> > > The entire Bush economic program is supplyside,
> > >     
> > and not demand
> > > mangement.  It will not work. You should read the
> > >     
> > transcript of the
> > > Democratic response by Governor Gary Lock of
> > >     
> > Washington.
> > I heard it last night. It oozed of budget balancing
> > and fiscal responsibility.
> > Between the Devil and the Left Blue Sea I go with
> > the devil on this. (And just
> > for the record, Andrew Mearman et consortes: I do
> > NOT sympathize with Bush on,
> > e.g., abortion, gay marriages or Christian
> > organizations in drug abuse
> > treatment...)
> >
> > /srl
> >
> > --
> > Dr. Sven R Larson
> > Department of Economics
> > Skidmore College
> > 815, N. Broadway
> > Saratoga Springs, NY
> > (518) 580 5278
> >
> >
> >   
>
>
> =====
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>
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