Dr. Arthur Laffer was a former Pres. Reagan economic advisor who recently noted that the U.S. economy will collapse on 2011. According to report, the government was currently working for all of these matter now but however, the economy will still goes down but he never stated the main reason why. While Pres. Obama administration sets a deferred tax change, this might bring a more bigger impact next year.
On his Wall Street Journal statement he noted that the 1980's tax boundary becomes a story that needs to be considered because when a time boast its performance, the other year showed out a bigger downgrade and what will happen when this thing will be repeated again by this two succeeding years? Arthur Laffer has a point for all of this but we can only experience the effect of this by then.
