Here we have another Republican budget aborning. What we have learned from history of such events is that we're in for a recession. Nine out of 10 recessions have happened under Republican administrations. The one Democratic recession happened under Carter was the mildest one. (Source: National Bureau of Economic Research--Business Cycle Dates.)

Trickle down economics is the culprit. If you give rich people lots more money by way of tax cuts they will start businesses and hire lots of people. As Paul Krugman, Nobel Prize winning economic shows in a brilliant essay in The New York Times, it is "a doctrine that has been tested again and again--and has failed every time."

You have free articles remaining.

Become a Member

What you get when you put money in the pockets of rich people is more money in the pockets of rich people.

BILL O’NEILL, Menomonie

Be the first to know - Sign up for News Alerts

* I understand and agree that registration on or use of this site constitutes agreement to its user agreement and privacy policy.

(0) comments

Welcome to the discussion.

Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.