Bloomberg news is reporting that the SCOAMT thinks the US Government needs more of your money. In related news, they are also reporting that water is wet.
The actual article is a smorgasbord of the SCOAMT being completely ignorant on the economy. Ready for this America? Just remember: you elected him.
1) Apparently increasing taxes will help grow the economy. Every economist since ever says "Wha?"
2) Unemployment went up because "We cut military spending." Well, yes you did, but you increased spending elsewhere. And if "government spending" were what made jobs, we'd already be at ~5% Unemployment by now. Did that happen and I just didn't notice?
3) Death Panels? Yeah- they're real: "[SCOAMT] said the government can cut health-care costs..."
Seriously, this man has all the economic acumen of a grasshopper, and all the brains of a balloon animal.
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