Relay-Version: version B 2.10 5/3/83; site utzoo.UUCP
Posting-Version: version B 2.10.1 6/24/83; site ukma.UUCP
Path: utzoo!watmath!clyde!cbosgd!ukma!plh
From: plh@ukma.UUCP (Paul L. Hightower)
Newsgroups: net.politics.theory
Subject: Re: 1933 and Roosevelt, discussion wanted?
Message-ID: <1305@ukma.UUCP>
Date: Thu, 14-Mar-85 09:51:13 EST
Article-I.D.: ukma.1305
Posted: Thu Mar 14 09:51:13 1985
Date-Received: Sat, 16-Mar-85 01:34:08 EST
References: <705@ccice5.UUCP> <1145@ukma.UUCP>, <719@ccice5.UUCP>
Organization: Univ. of KY Mathematical Sciences
Lines: 23

>> >I throw these statistics of 1933 out for discussion:
>> >
>> >1. 1/4 of the work force was unemployed
>> >2. the wage rate was 3/4 that of 1929
>> >3. 1/5 of the nations banks had failed
>> >4. prices were 3/4 their 1929 level
>> >
>> >Roosevelt was trying to solve all these problems *without* deficit
>> >spending (contrary to popular thought)...
>> 
>> That's what we call a "Tax-and-Spend" Democrat. 
>> 
>> Paul Hightower
>> University of Kentucky
>
>I must be missing something here!  If taxes aren't for raising revenue to
>be spent, what are they for?  A national savings account?  Just in case?

I prefer fewer taxes and less spending.  Government spending is invariably
inefficient and generally a misallocation of resources.  Roosevelt didn't
"solve" anything, except perhaps to delay recovery for a good decade or so.

Paul Hightower