In 1920, the U.S. was facing an economic depression. It came in the aftermath of World War I and after the progressive administration of Democrat Woodrow Wilson. Republican Warren G. Harding replaced Wilson in the Oval Office.

To fight the depression, Harding and members of Congress supported a policy that would usher in the Roaring 1920s. The policy was to cut taxes by 50% and cut spending by the same amount. The policy brought about more revenues to the government and brought about 10 years of economic prosperity.

Today, at this time, there are many Republicans that are calling for Congress to extend the Bush era tax cuts that were enacted in 2003. I believe that there is nothing wrong with that. What I am disappointed in, is that the GOP has not offered a sound policy in this lame duck session of Congress to drastically cut spending along with it.

While the situations of the 1920s and today are different to some degree, the same remedy should be applied to get this nation out of this terrible recession. I believe that if this were done, we could have the roaring 10s. But, alas, when it comes to the two major parties, that will not be done, because one party is tax and spend and the other is tax cuts and spend.

Pin It