Arthur Laffer: The Real ‘Stimulus’ Record – WSJ.com.
This piece from Arthur Laffer has been making the rounds a lot lately. Of course everything he says is absolutely spot-on. But of course, the left will ignore the statistics. They will insist that we’ve been engaging in austerity for the last few years. They will insist that the problem is not too much spending, but too little revenue (even though revenue as a percentage of GDP has remained constant while spending has continually risen to historically high levels).
This one quote needs to be repeated over and over and over again until they start to get it.
” For every additional government dollar spent there is an additional private dollar taken. All the stimulus to the spending recipients is matched on a dollar-for-dollar basis every minute of every day by a depressant placed on the people who pay for these transfers.”