As the US stands currently, in a recession, no American could disagree that everyone’s goal for the economy is to get out of the recession. The real question is “How do we do it?” Republicans say that we should cut spending, cut taxes and allow those cuts in taxes to promote job creation in the private sector: jobs come from businesses, and when the people who own the businesses have more money, they can hire more people to do more work, which would raise GDP and reduce the national debt. Democrats say that we should raise taxes to increase revenue, and use the increased revenue to sponsor various economic stimuli to promote greater productivity and job creation. This sort of top-down/bottom-up perspective has led many Americans to believe the motivations of the two parties to be a conflict of social classes, with Republicans representing largely the rich, and Democrats representing
As the US stands currently, in a recession, no American could disagree that everyone’s goal for the economy is to get out of the recession. The real question is “How do we do it?” Republicans say that we should cut spending, cut taxes and allow those cuts in taxes to promote job creation in the private sector: jobs come from businesses, and when the people who own the businesses have more money, they can hire more people to do more work, which would raise GDP and reduce the national debt. Democrats say that we should raise taxes to increase revenue, and use the increased revenue to sponsor various economic stimuli to promote greater productivity and job creation. This sort of top-down/bottom-up perspective has led many Americans to believe the motivations of the two parties to be a conflict of social classes, with Republicans representing largely the rich, and Democrats representing