Left In Lowell

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August 6, 2011

Does It Have to be Said, Really?

by at 1:20 pm.


If you haven’t already had your “duuuuuh” moment, please watch this. If simple freaking facts can’t sway you, then nothing can, except maybe if god talks to you or something. I’m told he does to Rick Perry.

5 Responses to “Does It Have to be Said, Really?”

  1. C R Krieger Says:

    Ah, was there a link in there somewhere?

    Regards  —  Cliff

  2. Jack Says:

    Try this link.

  3. C R Krieger Says:

    OK, I watched the video, which might be authoritative.

    I am usually confused by Keynesian economics.  I think it is run a deficit during a downturn and a surplus during good times.  The deficit can be extra spending or tax cuts or both, n’est pas.

    So, should we raise taxes?  I would say the number one requirement should be reform of “entitlements” and other spending.  Otherwise spending will continue to go up and tax hikes will never catch up.

    The number two requirement should be reform of the tax code itself, to include bringing 85% of the adults n the nation under the paying side of income tax, at least at a nominal level.

    Then let’s see where we are.

    Regards  —  Cliff

  4. waittilnextyr Says:

    “Raising” taxes can be in the form of eliminating undue tax breaks that some have had the power to get included in the tax code.

    “Entitlements” certainly need reform. How many lawyers out there are making a living on advising people ways to “protect their assets” from nursing home care? How many “non-profits” make good salaries selling services to those who get this “free” help?

  5. joe from Lowell Says:

    Cliff,

    Keynesian economics are simple. You run deficits during the bad times - during recessions and the early, insecure beginnings of recoveries - and then run surpluses during expansions so you can pay off the debt from the recession.

    We should raise taxes in a few years, when the economy is strong.

    I would say the number one requirement should be reform of “entitlements” and other spending.

    There is only one spending category that is predicted to go up unsustainably, and that is government medical spending, which is being driven up not by the generosity of benefits or the expansion of the population being served, but by medical inflation. There in only one spending category that is currently at unsustainable levels, and that is military spending. We totally need to do something about those two problems to get the federal debt under control, along with raising taxes.

    The number two requirement should be reform of the tax code itself, to include bringing 85% of the adults n the nation under the paying side of income tax, at least at a nominal level.

    I never understood this obsession that conservatives have with raising income taxes on the poor. Virtually all of the people that bother you so much are paying FICA taxes, Medicare taxes, sales taxes, state income taxes, property taxes, meals taxes…if we cut their FICA taxes by $20 a year, and then charged them $20 a year in income taxes, would that make you happy?

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