Supply Side by other means

[Felix]

From the [url=http://www.nytimes.com/2007/03/27/business/27stockman.html?_r=1&oref=slogin
]New York Times[/url]:

About a month before his company filed for bankruptcy protection, the chief executive of Collins & Aikman, a maker of vehicle instrument panels and floor mats, made a last-ditch attempt for a loan.The chief, David A. Stockman, the former Michigan congressman and budget director for President Ronald Reagan, got on the phone in early April 2005 with bankers from Credit Suisse. The parts supplier had about $110 million in liquidity, he told the bankers, according to court papers. He reassured them that his forecasts were sound.

But according to an eight-count indictment unsealed in court yesterday, that was not true: the company had already borrowed so much that it could not take on new debt without violating existing loan agreements. It had exhausted its credit.

Naughty, naughty David Stockman. Easier to make economic policy than to run a company.

[el Gusano]

If economic policy were made the same way that a responsible company was run, taxes would be cut by 60% and unnecessary (and illegal/unconstitutional) spending would be cut by 75%, with the extra taxes being used to pay down the debt.

If businesses are run the same way that economic policy is made, they spend money like drunken sailors and expect everyone else to pay for it.

[Jay]

Ahhh, I wish the government was run like a responsible company...

It makes no sense how they can do pork barrel spending and sneak it into other bills at the last minute and other junk like that... They shouldn't make these huge spending bills that have a million things in them that no one even bothers to read completely...

I think each bill should just be about one issue. That way, there wouldn't be conflicts where they're forced to vote on it for one issue and automatically have to go with all the other junk in there too.

I guess a good starting point is if the Read the Bills Act was instated..... If this was done, I believe the bills would be less complicated and wouldn't have a ton of other stuff tacked on there if congress actually had to read all of it..

~J