c


 


In 1992, Bill Clinton won the White House by focusing on the simplest of messages; "It's
the Economy, Stupid!"

Today, the nation's malaise is, in largest measure, a function of, "It's the Stupid
Economy!"

Unfortunately, the voting public is woefully unaware of basic economic principles and
realities and so they keep allowing the politicians (who are RESPONSIBLE for that
economic ignorance ± by design!) to keep making policies that ensconce the politicians
in perpetual power at the expense (LITERALLY) of the productive segment of the voting
populace ± and creating a permanently dependent underclass voting bloc which
empowers them.

Therefore, secure in the belief that an educated voter is a Conservativevoter, I present

the following lesson!

The political Left in America depends on your ignorance of the fallacy of 2 popular
myths which they perpetuate and promote. The first of these is the "Zero Sum Game".

In this myth, the idea is that there is a fixed amount of wealth. In order for one person to
get more, someone else must get less. If someone has "too much", it deprives
someone else of the opportunity to have "enough". This is the basis on which the Left
promotes class warfare!

The Left fans the flames of class envy and resentment at every opportunity. The recent
Shirley Sherrod incident again highlighted this ± and most folk never even noticed it!!

In the "complete" tape wherein her "redemption" from racism took place« she replaced
racial conflict with class warfare! In her words, it became the "Haves VERSUS the
Have Nots".

The fact is that the American Economy is NOT a zero sum game. Wealth is CREATED
whenever a new product or service of value is created. Whenever innovation creates a
product or improves a process, or efficiency is improved through technology, the
economy grows.

Growth of the economy is an indicator of economic health. Every few months, lip
service is given to this fact when the news makes passing reference that "the economy
grew at a modest 2.1%..." or some such statement. But sadly, few actually understand
what that means.
Put simply, the "pie" of the economy is not a fixed size. If the pie gets bigger, your slice
gets bigger, even if you take the same "share" of the pie! This is a variation on
Reagan's theme that "a rising tide lifts all boats".

This pie analogy works not only for the individual citizens, but for government as well.
They don't need to take a bigger portion of the pie to get a bigger slice ± if they can
encourage the growth in the size of the pie! And this brings me to the second myth:

Tax cuts do not reduce revenues! They increase them!

This is a non-disputable fact, and it has worked every time it's been tried ± from Bush to
Reagan to Kennedy and others!

Why would this be?

It couldn't be true if the first myth about the zero sum game were true! Cutting tax rates
would necessarily cut revenue dollars! BUT« cutting tax rates has behavioral effects
on the drivers of the economy ± small businesses take risks that generate profits.
Lenders loosen credit ± allowing these businesses to expand. Jobs are created. More
productive workers join the workforce and pay taxes. Salaries grow, along with their
resultant taxes. The economy itself grows ± and the government's smaller share of a
bigger pie results in a bigger slice!

The Left does not talk about revenues when it talks about tax cuts. It talks about
deficits! Under Reagan, for example ± his tax cuts J
Jfederal revenues! Still, all
you hear from the Left about Regan's tax cuts are the "Reagan Deficits".

Remember, until the Gingrich Revolution of 1994, when power shifted to the
Republicans in the House, Congress had been solidly in the hands of the Democrat
majority for over 50 years! And spending is not done by the President ± it's done by
Congress! The President proposes a budget ± but the House writes and passes it!
Without a line-item veto ± the President has only 2 choices: Sign what they give him ±
or Veto the entire budget of the United States. In Regan's case, he proposed fiscally
responsible budgets. Do you remember the response of the Tip O'Neal led House of
Representatives? Does the term "dead on arrival" ring a bell?

Despite Reagan's tax cut created windfall of doubled revenues to the Federal Treasury,
the Democrat controlled Congress ran up huge deficits.

How is that possible? Simple! For every dollar in new revenues the tax cuts generated,
the Congress spent over $1.80!!

Imagine if you are making $50,000 a year, but have acquired significant debt, and you
are currently spending on the order of $60,000 a year ± going deeper in debt every
year. Now suppose you land your dream job and are earning $100,000 a year. Where
do you suppose you'll be in a decade if, instead of putting this windfall toward paying
down your debt, you increase your lifestyle by buying a bigger home, fancy cars, join
the "club" etc ± and start spending $120,000 a year? Not in a good place, I'd venture to
say! Well, Congress is like that! Deficits are not a function of tax cuts. They are not a
function of revenue. They are a function of SPENDING.

The American People must become educated on economic realities. We must begin to
understand big numbers.

A MILLION is 1000 Thousand. It is 10,000 $100 bills. It'll fit in a briefcase.

A BILLION is 1000 Million. If you stack 12 shipping pallets 7 feet high with $100 bills,
you'll have a Billion dollars. It took 87 Billion dollars to run 2 wars for a year back before
the Bush/Kerry election ± remember? Kerry choked on this number ± voting for it
before voting against it! Remember that number. We'll refer to it again.

A TRILLION is 1000 Billion. This is also a 1,000,000 Million. (Imagine one MILLION
briefcases, with a Million dollars in each!) This is how much we're adding to our debt
each year under the Obama Administration.

Federal programs never cost what we're told they'll cost. The $787 Billion bailout (9
times the cost of that $87 Billion annual war!) is now $3.7 TRILLION! (42.5 times that
$87 Billion war!) Kerry choked on $87 Billion, but the American people are supposed to
swallow a bailout 42.5 times that size!

Americans must also understand economic terms:

Revenue: The amount of tax money actually collected.

Deficit: The amount spent over the amount of revenue.

Debt: The sum total shortfall between our spending and our revenue.

Our ANNUAL deficit presently is around a Trillion Dollars. Our Debt is over $13 Trillion.

What does that mean?

First off, with approximately 250 million people in the USA, each BILLION represents
$4.00 per person. That doesn't sound like much until you realize that $13 Trillion debt
is $13,000 Billion x $4 per billion = $52,000 debt PER PERSON in the USA.

Realize that in the 232 years before Obama took office, our nation had acquired a sum
total debt of around 11 Trillion. Obama added another 2 Trillion in under 2 years!
Remember, each Trillion costs $4000 PER PERSON! YOUR debt increased $8000
since Obama took office!

Learn these facts. Share them with your friends. Don't let Leftists get away with saying
tax cuts will "cost" the government ± it's not their money« it's YOURS ± and besides,
tax cuts will stimulate the economy and will raise revenues.

Don't let Leftists fan the flames of Class Warfare. You don't make the poor richer by
making the rich poorer. It's NOT a zero sum game.

Don't let Leftists get away with the idea that a Trillion dollar deficit isn't a big deal, but a
Billion dollar spending cut IS.

An educated voter is a conservative voter. Get educated. Educate others.

Educate. Motivate. Activate. Propogate.