Aug 19, 2012

Romney-Ryan tax plan leads to the next Great Recession

Just about everyone who has ever paid a bill knows that the size of the bill doesn't matter, as long as you have enough income to cover it. So is America's debit really a crisis, or is the problem actually lack of income?

The US economy is consumer driven. When people don't spend enough money to keep cash flowing into businesses, we have a recession.

However, consumer spending does not discriminate over the sources of income. Private sector jobs put money into the hands of consumers the same way government jobs do.

Since President Reagan began the tax burden shift from the rich to everyone else, America has seen 4 major recessions in less than 30 years. That's more than all US economic downturns for the past 100 years.