Once again Americans are rejecting the failed Keynesian economic policies of the far-left in favor of smaller government and a more fiscally sound future.
A Reuters/Ipsos poll released today shows a majority of Americans — 57% — favor cutting the deficit over more massive government spending. Just 39% support deficit spending as a way to create jobs.
“The message from Obama and Democrats on job growth and government spending is not resonating with Americans,” said Ipsos pollster Julia Clark. “The economy is the number one issue, and more people are in line with Republican rhetoric on this than with the Democrats.”
When you cut the deficit you instill confidence in the economy. And that encourages investors to invest, consumers to spend, and companies to expand. The private sector suffers from a lack of confidence in the American economy and the government that, these days, effectively runs the same.
But you know what would help even more than cutting the deficit? Cutting taxes. Both of which can be done simultaneously if you’re willing to reduce government spending substantially and understand that lower taxes has historically lead to higher tax revenue due to increased economic activity. Luckily, support also exists for tax cuts:
The poll found 68 percent of registered voters think lowering taxes creates jobs, and 60 percent think reducing the budget deficit creates jobs. Only 50 percent believe government spending creates jobs.
But you can’t just cut taxes for the lowest-earning Americans and call it a day. Democrats may rail against extending tax cuts for the “rich” but the “rich” are the ones running small businesses (the threshold is only $250k per year) and investing in the expansion of companies, which creates jobs. Extend all of the Bush tax cuts unless you want the unemployment rate to head into the double-digits.
As a conservative, it’s comforting to see Americans in support of conservative economic policies like tax cuts and fiscal responsibility. But we need people in Washington willing to actually execute those policies. We need conservatives who are willing to vote for lower taxes and less government spending. Voters have a chance to trust us with that power in November. Let’s hope they do.


by Stephan Tawney on September 21, 2010