TribLIVE

| Opinion/The Review


 
Larger text Larger text Smaller text Smaller text | Order Photo Reprints

Less spending, more jobs

About The Tribune-Review
The Tribune-Review can be reached via e-mail or at 412-321-6460.
Contact Us | Video | Photo Reprints

Daily Photo Galleries


By The Tribune-Review

Published: Monday, Dec. 3, 2012, 12:01 a.m.

Both Kathleen Bollinger's letter that “it takes private sector jobs, not public sector spending to fix the economy,” and George Wesolosky's letter that “wealthy creators, American small businesses” need government support to stimulate the economy, can be better appreciated when you understand President Obama's economic policies.

He basically follows the Keynesian economic beliefs that a government can spend its way out of a recession. This prolonged recession — the four-year, 8 percent unemployment, the doubling of gas prices and the drop of middle class income — has again proved that this “print more money” approach does not work.

Neither will the simplistic belief that raising tax rates will automatically increase tax revenues to the government. Further increases from our present tax rates will only further slow our already weak economy. Job producers will be less likely to expand and hire under the burden of higher tax rates and more regulations. Fewer workers and less expansion will produce less, not more, tax revenues to our government.

Only the cutting of government spending and the removing of unnecessary regulations and taxes on job producers will help balance the federal budget and avoid a greater recession.

Ron Raymond

Buffalo Township

 

 
 


Show commenting policy

Most-Read Stories

  1. Kovacevic: Still waiting on Crosby, Malkin
  2. Rossi: Lack of together time showing for Penguins’ defense
  3. Police fatally shoot man in Wilkinsburg after chase
  4. 3 ejected after Pirates, Brewers brawl
  5. Washington County crash causes chemical spill into Chartiers Creek
  6. Fleury a bright spot among struggling Penguins in playoffs
  7. Draftees’ longevity key for NFL success
  8. LaBar: Did WWE referee know finish to Undertaker match?
  9. Attorney wants lesser term for woman in Greensburg torture death
  10. Garden Q&A: Firecracker vine OK for trellis?
  11. Starkey: Penguins’ arrogance astounding
Subscribe today! Click here for our subscription offers.