Shocker! Americans Prefer Tax Cuts Over Government Spending

by William Teach | October 30, 2010 7:33 am

Yet another blow to the Keynesian theory of economic management. Of course, the American public has had since late 2008 to watch what happens when the government goes ballistic with spending, and seen how well that hasn’t worked[1]

When faced with a budget crisis, most Americans think “it’s always better to cut taxes than to increase government spending because taxpayers, not bureaucrats, are the best judges of how to spend their money.”

A new Rasmussen Reports telephone survey finds that 59% of Americans agree with that statement, while 26% disagree. Fifteen percent (15%) are undecided. (To see survey question wording, click here[2].)

The thing is, we don’t really have to give more tax cuts, per se. Just have the President and Congress say early on “hey, we’re going to reauthorize the 2001/2003 tax cuts for, say, 5 years”, which would have offered some stability in the economy. Maybe some tax free weekends, or, how about tax free summer? That, and not spending like ferrets on crack.

Crossed at Pirate’s Cove[3]. Follow me on Twitter @WilliamTeach[4]. Get out there and vote!