This in response to a comment by a Facebook buddy about just cutting government spending by 2% across the board.
Just cutting spending by government 2%, or any other amount, would put us back in recession. This happened in 1938, when we were finally coming out of the Great Depression and Roosevelt agreed to spending cuts and we fell back in deeply until the greatest stimulus program in the history of the world (aka WWII) put us into the greatest economic expansion of any nation any time. This lasted for almost 30 years until Reagan began removing some of the government regulations of the capitalistic markets. From that time (late 1970s) the wages of American working people have actually SHRUNK while the income of the rich people have gone through the sonic marker. What trickled down was not prosperity - let’s just say that Trickle Down has Petered Out. What we really need right now is a massive governmental spending spree – let’s begin with our infrastructure. Rebuild some of our crumbling bridges, repair some of our highways and run light rail through major cities and between them. Then watch our nation really prosper.
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