voodoo economics
Supply-side fiscal fantasy
Voodoo economics is a dismissive term for economic policies seen as relying on wishful thinking rather than sound principles—particularly supply-side theories that tax cuts will pay for themselves through growth.
The phrase gained currency when George H.W.
Bush used it against Ronald Reagan's proposals during the 1980 Republican primaries: Critics called the plan voodoo economics.
- tax cutsDecreased government assessments
- tax breaksReductions in owed levies
- job creatorsThose providing employment opportunities
- rising tideOcean level increasing
- supply-sideProduction-centered economic theory
trickle-down · deficit · budget deficit · campaign slogans · stimulus · fiscal policy · free market · inflation · national debt · federal spending · deficit spending · suckery · Keynesianism · hoodoo · monetarism · marginal tax rates · laissez-faire · deregulation
- Political Quotesall men are created equal, Gettysburg Address, Declaration of Independence, Emancipation Proclamation, nothing to fear
- conservatismconservative, traditionalism, fiscal conservative, small government, free enterprise
- Reagan Eraevil empire, trust but verify, trickle down
voodoo economicsreality
What actually exists
truth · fiscal responsibility · balanced budgets · fiscal discipline · Keynesian economics
voodoo economicsfiscal responsibility
Prudent management of funds
balanced budgets · pay-as-you-go · fiscal conservatism · arithmetic
voodoo, economics, economic, economical, economically, economist, economy, economies, economize