Thread: Bush's spending
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Old 12-01-2003, 08:13 PM   #6 (permalink)
Macheath
Junkie
 
Location: Sydney, Australia
Anyone read about Paul Krugman's 'starve-the-beast' theory? Badically amounts to cutting taxes on the highest incomes (while trying to avoid any sustantive tax cuts for the middle class), creating deficit and spending like a sailor on all the wrong things so as to put a squeeze on federal spending. This forments further popular antitax opposition to 'big Government' and takes the Government back, through the sheer necessity of a planned fiscal crisis, to its pre-Roosevelt size.

I'm trying to gather up more information on this idea, but here's an initial source:

http://www.pkarchive.org/economy/TaxCutCon.html
Macheath is offline  
 

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