merikeyegro
Well-known member
- Joined
- Nov 19, 2002
- Posts
- 163
Conservative point of view? Come to Florida...where the state has no money for anything. Sometimes taxes help, guys. Especially with schools. Some of the highest-tax states in this country also offer the best jobs - California, Minnesota, New York, Massachusetts - so low taxes isn't always the answer. Big-gov't "liberal" spending isn't either, so neither of these views is necessarily correct.
Fact is that spending more than you take in - regardless of whether or not you do so because of reckless spending or reckless tax cuts - hurts the economy by raising interest rates and inflating the currency. Inflation is an indirect tax (more money in circulation without any increase in value of the currency or demand means less value per unit of currency), just as direct taxation is a direct tax (duh).
So, if you think that Bush's present fiscal policy is sound, let me refer you to a GOVERNMENT report that refutes your opinion - http://www.gao.gov/special.pubs/longterm/challenge.html. Note the line where it says "current fiscal policy is unsustainable over the long term." Cutting taxes is great...if it's accompanied by matching spending cuts. Bush and his cronies have had no part of that, doling out tax cuts to the likes of Disney (in Jeb's state), GM, and a host of others in a $135 billion corporate tax break bill last year. Add in plenty of pork spending - much of it in so-called "homeland security" and juicy defense contracts (see Boeing's tanker-lease proposal) - and you have a simply wonderful Republican, big-government fiscal platform about which all of you supply-siders can be proud. It seems that Republicans have taken to the big-government policies they for so long detested. They can benefit from them
As for the decreased funding to the states, looks like 2005 ain't gonna be too hot, either:
http://news.ft.com/cms/s/d53ea206-7...uid=7fc8f3dc-d258-11d8-b661-00000e2511c8.html
I'm content to watch Bush sink these next 4 years. He and his buddies have gotten too big for their britches. Next stop is taking away your labor rights as union members. Have fun.
Fact is that spending more than you take in - regardless of whether or not you do so because of reckless spending or reckless tax cuts - hurts the economy by raising interest rates and inflating the currency. Inflation is an indirect tax (more money in circulation without any increase in value of the currency or demand means less value per unit of currency), just as direct taxation is a direct tax (duh).
So, if you think that Bush's present fiscal policy is sound, let me refer you to a GOVERNMENT report that refutes your opinion - http://www.gao.gov/special.pubs/longterm/challenge.html. Note the line where it says "current fiscal policy is unsustainable over the long term." Cutting taxes is great...if it's accompanied by matching spending cuts. Bush and his cronies have had no part of that, doling out tax cuts to the likes of Disney (in Jeb's state), GM, and a host of others in a $135 billion corporate tax break bill last year. Add in plenty of pork spending - much of it in so-called "homeland security" and juicy defense contracts (see Boeing's tanker-lease proposal) - and you have a simply wonderful Republican, big-government fiscal platform about which all of you supply-siders can be proud. It seems that Republicans have taken to the big-government policies they for so long detested. They can benefit from them
As for the decreased funding to the states, looks like 2005 ain't gonna be too hot, either:
http://news.ft.com/cms/s/d53ea206-7...uid=7fc8f3dc-d258-11d8-b661-00000e2511c8.html
I'm content to watch Bush sink these next 4 years. He and his buddies have gotten too big for their britches. Next stop is taking away your labor rights as union members. Have fun.