Perhaps a more accurate conclusion is that “trickle down’ has never been tried. Every time we’ve been told it was being used, those telling us so were actually loading up a pig trough full of Keyensian spending increases.
To the Editor: We hear about the problems of U.S. government debt and deficits all the time. In an election year, politicians make claims about how they will work to solve these problems while keeping benefits in place and leaving taxes low. In reality, solving the budget deficit will require painful tradeoffs that are politically […]