About Me

My photo
Business, Free Enterprise and Constitutional Issues; Pro-Life and Pro Second Amendment. Susan Lynn is a member of the Tennessee General Assembly. She serves as Chairman of the Consumer and Human Resources subcommittee and on the Finance Ways and Means Committee. She holds a BS in economics and a minor in history.

Monday, October 27, 2008

The Age of Prosperity is Over

Art Laffer's WSJ Opinion

"Every $100 billion in bailout requires at least $130 billion in taxes, where the $30 billion extra is the cost of getting government involved.

If you don't believe me, just watch how Congress and Barney Frank run the banks. If you thought they did a bad job running the post office, Amtrak, Fannie Mae, Freddie Mac and the military, just wait till you see what they'll do with Wall Street."

Read more - http://ssomail.charter.net/do/redirect?url=http%253A%252F%252Fonline.wsj.com%252Farticle%252FSB122506830024970697.html

2 comments:

Chris F. said...

Whenever the government gets involved in something, it will always be more expensive and less efficient. At least when a business does poorly, it goes out of business, liquidates, etc...

Governments on the other hand increase taxes, increase debt and spend even more money. I think we would be better off if children ran the world instead.

Anonymous said...

I MUST BE MIXED UP I THOUGHT BUSH WAS A REPUBLICAN AND THE CONGRESS UNTIL 2006 WAS CONTROLED BY REPUBS. THANK YOU SUSAN I NOW FEEL BETTER ABOUT VOTING AGAINST THE DEMS NOW THAT I NO THAT W IS ONE OF THEM