Sallow
The Big Bad Wolf.
I don't get the disconnect between government revenues and taxes. That..is how government funds itself..mainly through taxation. Cut taxes and there were be less money to spend. And we've been spending money like crazy lately; two wars, a brand new agency, a brand new entitlement, bailing out corporate fuck ups and saving our banking, financial and insurance institutions. And this year..more butter. An extention of the Bush taxs cuts..yay!
Drying up the government, as Grover Norquist suggests, is going to make this country look like Guatemala..without the charm.
Krugman's take:
Less revenue = Less Services.
Everytime.
Drying up the government, as Grover Norquist suggests, is going to make this country look like Guatemala..without the charm.
Krugman's take:
Op-Ed Columnist
The New Voodoo
By PAUL KRUGMAN
Published: December 30, 2010
Hypocrisy never goes out of style, but, even so, 2010 was something special. For it was the year of budget doubletalk — the year of arsonists posing as firemen, of people railing against deficits while doing everything they could to make those deficits bigger.
And I don’t just mean politicians. Did you notice the U-turn many political commentators and other Serious People made when the Obama-McConnell tax-cut deal was announced? One day deficits were the great evil and we needed fiscal austerity now now now, never mind the state of the economy. The next day $800 billion in debt-financed tax cuts, with the prospect of more to come, was the greatest thing since sliced bread, a triumph of bipartisanship
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How will this all end? I have seen the future, and it’s on Long Island, where I grew up.
Nassau County — the part of Long Island that directly abuts New York City — is one of the wealthiest counties in America and has an unemployment rate well below the national average. So it should be weathering the economic storm better than most places.
But a year ago, in one of the first major Tea Party victories, the county elected a new executive who railed against budget deficits and promised both to cut taxes and to balance the budget. The tax cuts happened; the promised spending cuts didn’t. And now the county is in fiscal crisis.
http://www.nytimes.com/2010/12/31/opinion/31krugman.html?_r=1&hp
As this last Snowstorm in NYC proved..the people that complain the loudest are people that have that tax/finance the goverment disconnect.As the Center on Budget and Policy Priorities points out, the incoming House majority plans to make changes in the “pay-as-you-go” rules — rules that are supposed to enforce responsible budgeting — that effectively implement Mr. Kyl’s principle. Spending increases will have to be offset, but revenue losses from tax cuts won’t. Oh, and revenue increases, even if they come from the elimination of tax loopholes, won’t count either: any spending increase must be offset by spending cuts elsewhere; it can’t be paid for with additional taxes.
http://www.nytimes.com/2010/12/31/opinion/31krugman.html?_r=1&hp
Less revenue = Less Services.
Everytime.