Oh My!
I'm going to take economic advice from Rush Limbaugh? Richie, you must be kidding. I'm no economic whiz kid, but I've forgotten more about economics than Rush Limbaugh ever knew...other than his ability to negotiate mind-numbing contracts for himself that is.
"...we're forgetting economic growth", Rush says?
All I'll say is do the arithmetic. In order for economic growth to be meaningful in balancing our federal spending with tax revenues, we would have to achieve increases in our GDP in the range of 10% per year for the next fifty years! And I might point out that the country has never even had one year with that kind of economic growth.
If I was making the kind of money Rush is, I wouldn't want the taxes on the wealthy raised either.
|