Just Remind People
I worry that as part of his program, Mitt Romney has said he will offset any deficit caused by his income tax cut, by reductions in the budget. These reductions may include cuts in programs such as:
1- Food and Nutrition Services for children, such as the school lunch program.
2- Crop Insurance for farmers.
3- Conservation and recreation in national parks.
4- Maintenance and repair of the interstate highway system.
5- Providing natural disaster assistance after hurricanes, tornadoes, and floods.
6- Educational assistance such as Pell Grants.
7- Food inspection and the "Center for Disease Control" (CDC).
8- Retraining programs for the unemployed.
9- Counter-cyclical direct economic aid programs (food stamps, unemployment insurance).
10- Block grants and aid to local communities.
All these programs employ people, either directly or indirectly through the purchase of goods and services. They pump money into the economy and increase demand. To the extent these programs are reduced, overall demand in the society will be reduced. The reduction in demand will more then counter-act the stimulative effects of the tax cut.
(From My Website)
