Pax, you ain't even getting a "rAmen" from this corner.

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But if it causes Republicans to wholeheartedly support Bush, who's disapproved by more people in polls than any President in modern history (more than Nixon at his worst) I guess I can support it.  When your enemy is drowning, cheer when someone like Limbaugh tosses him yet another anchor.

May 30, 2003

Bush's Tax Cuts

A Form of National Insanity

By ROBERT FREEMAN

....Now Bush has sold us on still another megadose of this same Supply Side voodoo. Two thirds of his new $350 billion tax cut will go to the top 10% of income earners. Bush's Congressional ally, Tom DeLay, promises more such cuts for every year Bush is in office.

The long term effects of these policies are profoundly damaging. When Bush took office, the government's ten year surplus was forecast to total $5.6 trillion. This was critical to building fiscal soundness as the Baby Boomers begin to retire.

Now, the ten year forecast projects a cumulative deficit of $1.1 trillion, a net loss of $6.7 trillion in only two years. With the exception of World Wars, this is the greatest, most rapid destruction of public wealth in the history of the world....

Adampain.  A dose of reality.  The bottom quintile paid little or no taxes to begin with.

The deficit is something I blame both parties for.  Over spending and no fiscal control.

Myxint1;  nothing but liberal sound bite blather. Surely you can do better than that school yard stuff.

You're right about the Democrats being a joke, but I doubt you'd agree with me as to why.   The more they cave in to that idiot in the White House, the more people start to associate them with him.  I think I've figured out their strategy...don't agree with it, but it at least makes sense.

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The tax cuts for the wealthy, which were supposed to increase revenues due to Laughable Curve Theory, did exactly the opposite--as any economist could have told you.  The tax cuts led directly to a budget deficit and that's exactly what I posted.

Pax-

"Is that a big gulp I hear coming from the Hollywood smut peddlers who not only have the writers' strike to worry about to spoil their wallowing around in monetary excesses"

I hope you include your good christian buddy Richard Roberts in this category.

Pax, you'd better hope for our troops' sake the Israelis aren't so crazy as to bomb the Iranians.  The troops are the ones who'd pay for that idiocy.

The Iranians are learning the Saddam lesson well:  If a nutty American president thinks you have nuclear weapons, you'd better get on the stick and *GET* some nuclear weapons.

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Widening the war in Iraq to include Iran is a *BAD* move, in a war full of *BAD* moves.

Well thanks Roy for the input on blog, any who Yeah Taxes really suck, but hey they pay for the roads and pay for my equipment when I go to the big sandbox overseas. I guess no matter what people will hate Taxes cause well they suck. I've personally have had some gain with the taxes so they don't bother me too much. I also am I "Republican" I also happened to work for them when I first got out of Active Duty from the Army. The things that do bother me is the "torture" of these captured people True we are in a war, if it were up to me every building that I took fire from would be leveled to the ground, but these Human beings that we capture, should be treated as that humans. We should extend our gifts that we receive in this country. As apposed to sensory deprivation, and water boarding. "Torture" or not we would not do that to our won citizens, and that's whats wrong with these poor bastards in Iraq. The comment that Paxchrist left, ummmm.... troop surge is working but only in a military aspect. How long must we be there for this surge. an M.P. company was there for TWO YEARS!!! That's a whole lot of time, my son would be finished with kinder garden, first grade, and be started in second grade by the time I came back whole?!! At what cost is this surge, more troops dying everyday?? I really hate this war, I had some really good friends die. I say to all the people for and against the war, you want war go over there sign on the doted line and smoke some Iraqis, or pull your friends mangled and charred body out of a Humvee, I'm sure you'll change your mind. Or watch a schoolyard of kids get blown to pieces. Oh well, ha lol. now I'm ranting well take care

The Grumpy Skeptic

www.thegrumpyskeptic.blogspot.com

Thx for your service Grumpy conf

But from someone who's done as you describe, I must tell you, it changed me...... but not as you would expect.

It made me realize that sometimes wars have to be fought.

And when they do, you do things others will never understand. Until it happens to them.

God bless

Have a good veterans day

~~ brother vet.............

Roy

There is little upside in arguing taxes with these people. The ones that think they understand the Macro (Mattloch=>removing a reduction is not an increase, TomW=>supply side economics inherently enures to the detriment of the middle class,  AdamPayne=>just because the top earners pay the bulk of the freight doesn't mean they should get the bulk of the benefit of cut-->a defacto addition to "progressive taxation" outside tax tables) effects of taxation policy generally don't engage in the detail of the code (Sec 179, K-1's, AMT, deducts vs. credits, etc.) and even if they do, they NEVER put the two together.

Adam Payne has his anti-Limbaugh talking points memorized. The problem is Rush is no espouser of taxation policy in any kind of detail and most of us that know don't listen to him for anything in that regard.

During Reagan, taxes were cut which did indeed increase revenues to the treasury however he had a Dem controlled Congress that even outspent the additional income creating deficits. Clinton was on track to rack up large deficits (even though he did virtually nothing -- no wars or anything really happening) until the Congress became Republican controlled in his second term At that point he began to show a surplus and he of course benefited from the dot.com "bubble" with which he had little to do.  

The fact is, Bush is a veto pen wimp, he has allowed spending to go crazy by trying to be liked by Libs.

This is the worst thing a conservative can do.

Libs don't really even like themselves, of course they are never going to like someone who rails against their socilistic designs.