Saturday, April 09, 2011

Federal shutdown barely avoided

Now on to the big game - the 2012 budget and Paul Ryan's spurious deficit cutting proposals.
The budget fight will include the need to fend off the assault on woman's health, including the right to choose the legal medical procedure, abortion. And the need to preserve and extend efforts to deal with carbon pollution and climate change. Ryan's proposal includes the false claim that tax cuts for the wealthy reduces the deficit and creates jobs and the plans to move Medicare from the existing efficient governmental operation to the more expensive, profit-seeking health insurance companies.

Let's hope that some Republicans will put country ahead of politics.


  • Love your blog. Can I link to it, and have you link back?

    By Blogger Motivated In Ohio, at 6:08 AM  

  • Haha climate change... You still believe that old bally-wick? Certainly the 29 degrees they saw in Miami this winter helps your so called evidence...

    Regarding the Ryan budget proposal, ponder this if you can...

    In 1980, individual income tax revenue was $244 billion and the American economy was in recession. With the Economic Recovery Tax Act (ERTA) of 1981 President Reagan reduced rates by 25% across the board and cut them again in 1986. The result, individual income tax revenue in 1989 was $446 billion -- a near doubling of revenue. Margaret Thatcher provided a cogent analysis on the dynamic effects of Reagan's tax reforms:

    When barriers to enterprise are removed and taxes cut to sensible levels, people have the incentive to work harder and earn more. They thereby benefit themselves, their families, and the whole community. Hence the buoyant economy of the Reagan years. It expanded by a full 25 percent over 72 months of continuous economic growth -- the longest period of peacetime economic growth in U.S. history; it spread prosperity widely; and cut unemployment to the lowest level in over a decade.

    The Reagan tax cuts showed that reducing excessive tax rates stimulates growth, reduces tax avoidance, and can increase the amount and share of tax payments generated. There is little reason to expect the left's static revenue analysis to evaluate the economic or distributional effects of Ryan's tax reform proposal much better than it evaluated Reagan's 30 years ago.

    Ryan's ambitious plan to reduce the size of government and fundamentally reform the tax code presents us with an opportunity to recapture the early American ideals of self-reliance, freedom from excessive taxation, and boundless enterprise. It would unleash a torrent of economic activity to create wealth (yes, it is created not distributed), open doors of opportunity, and increase the standard of living for all Americans.

    By Anonymous Anonymous, at 7:16 AM  

  • Mr. Anonymous -

    Am I supposed to adopt your views on climate change, based on a cold day in Miami, as opposed to the views of most respected scientists in the world?

    On your taxation comments, try to recall that during the tax rates of the Clinton years, there was job cration, prosperity, and a large surplus.

    By Blogger Homer, at 7:08 AM  

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