Give this article to all of your right-wing "tax cuts increase revenue" friends....

[scheming daemons]

How to Get the Economy from its Vicious to a Virtuous Cycle -- But Radical Righties Won't Let it Happen

Policies founded upon lies rarely work.

The economy has deteriorated, and will continue to spiral downward, but the reasons for the vicious cycle have been ignored, and thus the cures not even discussed. That represents a victory for the radical rightwing ideologues and a major defeat for the people of the United States.

The major reason for the downward spiral is the upward spiral in the US deficits and debt. Remember, our dear leader inherited a projected surplus of $5 Trillion, and succeeded in transforming that into a debt of an additional $4 Trillion, the most spectacular case of fiscal mismanagement in world history.

The boy wanted to outdo dad, and, boy, did he!

Even admitted economic illiterates like Bush and McCain would understand that when you accomplish such a feat, the value of your currency is likely to go down. And, it has. Yesterday, our dear leader told us that he was not an economist but an optimist. Golly-gee.

When the currency falls in value, the price of imports increases. We import most of our oil. Hence, the price of oil and gas increase.
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More at:

http://www.huffingtonpost.com/paul-abrams/how-to-get-the-economy-fr_b_113067.html