Discussion in 'Economy' started by Toro, Aug 1, 2010.
Bruce Bartlett on the deficit, economy and VAT: Six questions for Bruce Bartlett | The Economist
I love this part here:
I would add that I do disagree with the Republican fixation on taxation. Federal taxes as a share of GDP are at their lowest level in two or more generations14.9% versus a postwar average of 18.2%. There is not one iota of evidence that the economy is suffering from excessive taxation and no evidence that the sorts of tax cuts favoured by Republicansmainly tax cuts for the wealthywould do any good given the nature of the economys problems. Tax cuts dont help those with no incomes because they are unemployed, businesses running at a loss, or investors with a large stock of capital losses. In my view, the Republican obsession with taxes is based on pure dogma, not analysis.
When have Republicans done ANYTHING after some serious "analysis". Do they even believe their own bullshit or are they merely on "lemming autopilot"?
Mr Bartlett blew it in the first question:
Clearly, economic stimulus didn't work. It's massive government spending that is acting as a boat anchor on the economy. Cut Government spending and follow that with tax relief for those who pay taxes.
Mr Bartlett flubs it again when he stated that Obama care is fully paid for and cites CBO numbers. We all know now that the CBO numbers consisted of 10 years of taxes with 7 years of benefits. That's how it was "paid for".
Bush Economist or not, he doesn't know what he's talking about.
Some highly regarded economists disagree with you.
The New York Times > Log In
Mad Scientist? Well, you're half right.
Nonsense. What's the distribution of taxes and benefits over the 10-year budget window?
And, as should be widely known, in the second decade the budget picture improves because the primary funding mechanism is an excise tax on high-premium plans--i.e. it draws from within the health care system itself (unlike the income surtax favored by many liberals). This is a program with a funding mechanism that collects more and more money as time goes on.
But I do love listening to ranting about how Democrats are raising taxes and not paying for any spending. Because that makes ever so much sense.
You quote your self as the "source". Nice.
OK, if you want gazillionaires to spend, tax them. That's a form of "spending". How is buying a new yacht helping the economy?
i quoted the article, not myself you imbecile
did you read the article? according to the facts laid out in the article, you're wrong...but that shouldn't be a new thing for you....
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