Tax Cuts now, then reduce spending (of Other People's Money)

There are huge problems in the economy right now, it is politically required (by voters, the boss) that gov't do something.

Big temporary deficits, thru a Big Tax Cut (Tax holiday), is what Reps should be proposing.  The money should not be borrowed, it should be printed, created by fiat.

Which, usually, would cause inflation.  But not now.  The tax holiday should continue until employment is positive for a month or a quarter.

The argument against tax cuts/ rebates is that they are not efficient enough, because many folk do not spend the extra, but save it.  Only spening 17-33%, for instance.

This is double silly bogus.  First, for the mid and long term, reducing household debt is great, and will mean more growth in the future.  Second, as compared to other programs, like the pork-stimulus, tax cuts increase cash for people FAST.  Most of the pork won't be paid for in the first month, nor even quarter; nor even year 2009!

The big Bush/ Rep failure was failure to reduce spending in the post-tax cut 'good years'. 

But the real failure is that of voters.  Voters have been consistently voting for spending more of Other People's Money, which is always less efficient and more wasteful than spending one's one money.

(Via Fiscal Irresponsibility)

Rep leaders must attack the culture of irresponsible greed--greed for spending & controlling Other People's Money.

In fact, it's the OPM that the voter is addicted to, and which must stop.  Only then can gov't realistically reduce spending, when voters accept it.