[ExI] Economy: "The Big Takeover"

[Stathis Papaioannou]

2009/4/1 Lee Corbin <lcorbin at rawbw.com>:

> True. So many times that I can't count them, I heard
> the Democratically controlled congress pronounce one
> of Reagan's budgets "dead on arrival". There was no
> way that they were going to cut spending. All their
> power depends on it.
>
> Unfortunately, the Republicans are no better. *They*
> had complete control of congress early in the Bill
> Clinton years and then again under Bush's first term.
> So what happened? Well, "There was no way that they
> were going to cut spending. All their power depends
> on it".

But governments obviously do cut spending and/or increase taxes,
despite these being unpopular measures, since otherwise they would all
be bankrupt.

-- 
Stathis Papaioannou