Summary Of Tax, Spend, And Thrive By Robert Kuttner

Words: 418
Pages: 2

“We could have enjoyed the benefits of higher growth and fuller employment” says Robert Kuttner in “Tax, Spend, and Thrive,” written in The American Prospect (Kuttner 1). Kuttner addresses issues that the government is not handling very well, such as debt and unemployment. Kuttner gave ideas on how these problems might be fixed, and it all has to do with whether or not trusting the government with our hard earned money. The “government spending is taxation” (Laffer & Moore 1). Increasing the budget would send the US government further into the billions of debt that the government has refused to pay off. The government has enough problems with money, and by trusting the government with more money would lead to not being a wise decision. “It is clear, now, that a massive stimulus administered was an abject failure. It condemned America to the worst recovery in its history--including the 1930s” (Laffer & Moore 1). The US debt is worse than anyone has ever seen, but yet people still want the government to have money to spend. This would only cause Americans to go further into debt which will not get paid off any time soon. …show more content…
In order to have a functioning government, there has to be balance. The budget has to be balanced was a thought of very few presidents, such as Clinton ( Kuttner 1). Kuttner had agreed with Clinton, but Kuttner thinks, “if he had just waited a little longer,” to carry out his plan, “the higher economic growth rates would have put the budget into surplus without the heroic cuts in federal spending agreed to in the 1997 Balanced Budget Act (BBA)” (Kuttner