Government Still Spending Like Drunken Sailors

My apologies to drunken sailors!

from IBD:

No, Tax Cuts Are Not Driving Deficits — It’s The Spending, Stupid

Are President Trump’s massive tax cuts what’s driving federal deficits upward. Everyone says so. But, it’s not true. It’s just a way for lawmakers to distract the public while they crank up the spending machine. Just like the Senate did this week.

Earlier this week, Trump’s top economic advisor, Larry Kudlow, gave a talk at the Economic Club of New York in which he said that tax cuts aren’t to blame for deficits.

“People are quick to blame deficits on tax cuts, but I don’t buy that,” he said. “The gap is principally spending too much.” read more

Dems May Regret not Voting for Tax Cuts

from IBD:

GOP Tax Cuts Are Turning Out To Be A Disaster … For Democrats

Not long ago, Democrats expected that the GOP tax cuts would be a political disaster for Republicans, just like ObamaCare was for Democrats in 2010. How’s that prediction working out?

Writing in the Atlantic in December, longtime political reporter Ron Brownstein argued that “President Trump and congressional Republicans have just taken the same leap of faith that Democrats did when they passed the Affordable Care Act.”

He went on to note that after Democrats passed ObamaCare in early 2010 — despite strong public opposition — the backlash from voters “helped propel Republicans to the biggest midterm gain in the House for either party since 1938 and gave them a majority in the chamber they still haven’t relinquished.” read more

Tax Cuts Equal More Revenue

Welcome to the wonderful world of REAL economic dynamism. Gee – how much will tax cuts cost us, asked the no-nothing democrats.

from IBD:

Go Figure: Tax Revenues Climbed $18 Billion In First Month Of GOP Tax Cuts

The Congressional Budget Office says that federal revenues in January added up to $362 billion. That’s an increase of $18 billion— or 5.2% — from the year before. As a result, the government ran a surplus of $51 billion that month, which is equal to the previous January.

Wait, weren’t the tax cuts supposed to bankrupt the country to benefit the rich? It almost looks like the tax cuts — which took effect in January — are paying for themselves. read more

WND Exclusive – ALL INCOME IS 1ST THE GOVERNMENT’S

The Republican tax plan has finally made its debut. At first blush it appears pretty good. At its heart the plan is populist, but what can we expect in these times?

As one might expect of populists, it is geared toward the lower income scale, but does have a few cut-outs for the wealthier among us – and is certainly more business-friendly than the status quo.

However, we must remember that all tax legislation begins in the House, so this is just a starting point, and what we see is as good as it will be.

The bill isn’t going to improve from here out. It will only get worse – more watered down, as the Democrats’ long-knives predictably start tearing into it. read more

Tax Cuts and Discounts are Really the Same Thing

by: Brent Smith at the Common Constitutionalist

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As the tax debate in Washington heats up, we’re hearing the same tired old refrain of, “The rich don’t deserve nor do they need a tax cut.” It’s an absurdly populist statement. However, this time it’s coming from both the dems and republicans.

In defense of tax cuts for all, the rich included, let me first quote some boring facts and figures. Then I will attempt to inject some business sense into an otherwise senseless argument.

Tax cuts will in fact grow the economy, yet I heard the leftist billionaire Tom Steyer say that since the 1980’s, the top tax rate has been cut from 70% to under 40%. He adds that during that time wages for workers have stagnated. I won’t argue that point here.

I heard him say he got rich on Wall Street, so he knows all about the economy. If this is so, and we’ll assume it is – it would mean he’s lying by omission and knows he is. But he knows most aren’t schooled enough to catch him in the lie.

In fact the economy did grow massively after Reagan’s huge tax cuts. But wages are just a portion of economic growth. And wages, like almost everything else, do not occur in a bubble. Other things affect wages – not just growth, or lack of it.

First, would you rather have a job at slightly lower wages, or no job at all, which occurred during the Carter years? And of course wages often don’t tell the whole story. read more

Mitch McConnell and Trump are Suddenly BFFs

by: the Common Constitutionalist

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There’s something odd going on in the Republican Party. All of the sudden, Mitch McConnell appears to be leading the establishment wing of the Party toward Trump.

This is very strange indeed, for nary a kind, or even civil word has been said of the President lo these last several months by any the lords and ladies of the ruling class.

Now, the midterm elections are just over a year away. Historically the mushy moderates all start moving right like clock work, ala John McCain, attempting to convince (lie to) voters of their conservative bona fides – voters who have paid scant attention between the last election and this.

But it seems to be starting a bit early. And this may be due, at least in part, to republican internal polling – something of which we commoners in the general population will never be privy.

We hear constantly of how unpopular Trump is and that only his hardcore base is continuing to stand by him. Yet establishment Republicans are far less popular than Trump. And I’m guessing the latest batch of internal polling tells them so. read more

Who is America’s Greatest Modern Day President

There have been, and still are, great debates over who is America’s greatest President. Greatness is of course subjective and depending upon ones view point or political bent, the “greatest” can and does vary widely.

Many would agree on George Washington or Abe Lincoln. But what about the greatest modern day President – from say 1900 to today. Narrowing the field brings forth the usual suspects like Franklin Roosevelt, John Kennedy and Ronald Reagan.

Yet practically no one would ever think to include our 30th President even in the top ten. They’d be wrong.

In my opinion Calvin Coolidge, Silent Cal, who served from 1923-1929, was in fact our modern era’s greatest President.

Glenn Beck explains why: read more

Leftist Economist Paul Krugman is Like the Cleveland Browns

by: the Common Constitutionalist

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Paul Krugman – Biggest Loser

My apologies to all you Browns fans.

For regular readers, you know I use a lot of football analogies. Well – here’s another.

Say you get permission from the NFL to create an expansion team – a brand new professional football franchise.

You, the owner, do your due diligence and hire who you feel is the best available Coach and General Manager.

The League office encourages other teams to aid your new franchise, lending their expertise and advice on various issues regarding football operations, free agency, the draft, etc.

One day you sit down with your new General Manager and Coach and start making calls to other teams for guidance. So whom do you call? And who do you not?

If you’re smart, you call the proven winners – starting with the New England Patriots (of course), then move on to the Steelers, Broncos, Packers, Cowboys and Giants. You seek out the proven winners – franchises that show up in the playoffs either every year, or at least most years.

Who you don’t call is the Cleveland Browns, the Buffalo Bills, or Jacksonville Jaguars. No offence, but why would you or anyone take advice on building a winning franchise from teams that rarely, if ever, win. read more

Where Did All the Money Go?

You May Want To Be Sitting Down For This One – Maybe Have a Drink Or Two Or Three…

 

by: the Common Constitutionalist

What is the refrain of the left whenever anyone suggests tax cuts? Naturally it is, “How are you going to pay for them?”

And what about cutting government spending? Well, Democrats will cry, in unison, that there is no where to cut. By cutting spending, we will be ripping food out of the mouths of needy children, or some such nonsense.

Remember this statement – “There Is No Where to Cut“.

And we can’t forget the “Tried and True”, tax cuts for millionaires and billionaires will only hurt the middle class.

As a rather obvious aside: paying for tax cuts bugs the crap out of me. Why should we have to “pay” for a tax cut? It’s our money in the first place. But the government naturally treats our money as theirs first, and if there is anything left over, which they claim there never is, they will consider giving it back to us, the people.

Anywho, speaking of whining about tax cuts, there’s this from just a few months ago. A column written by Steve Benen entitled, “The Magical Cost of Tax Cuts“. read more

Tax Cuts Won’t Work

by: the Common Constitutionalist

 

In a recent interview at Yahoo! News, Amity Shlaes discussed her new book entitled “Coolidge”. The interview began with Yahoo news announcer Lauren Lyster, explaining that one of the big issues of Obama’s second term was tax reform and what could be learned from Calvin Coolidge.

Shlaes explained that: “The cutters; Reagan, Kennedy and going back to Coolidge all ended up with more money on the books due to extra business activity.”

These are irrefutable facts. Most every conservative and I have used the same argument for years. Cutting tax rates spur economic activity and growth, which leads to more jobs, more taxpayers and more revenue for the government. So let’s cut tax rates. It’s a proven winner. If you are a conservative, you know you’ve also use this argument.

Even Lindsey (woolsey) Graham, hardly a conservative, stated recently that flattening the tax code amongst other things could generate an additional $600 billion for the government coffers.

And there you have it. Graham has properly summed up the whole flawed tax cut argument in one sentence.

Well, I’m here to confess that I’ve been wrong. All these years of hammering tax rate reductions. I am man enough to admit it.

Now all you liberals reading this; don’t get too excited. To my conservative friends, buck up. I have not gone over to the dark side.

What I have had is an epiphany of sorts. It dawned on me that us freedom lovers have actually been arguing all these years for bigger government.

Think about just we’ve been advocating for; cutting taxes to get more tax revenue. Well, what will that additional revenue be used for? To grow government of course. So we are at least partially to blame for the growth of government.

In fact, we may be more to blame. Liberals and progressives are voted into office, raise taxes and ruin the economy. Then, what happens?
They are thrown out, conservatives are voted in, cut taxes, decrease regulations and voilà, increased revenue to the government. It doesn’t seem fair, does it?

In my humble opinion, the only way to save this country is not through tax rate reductions; capital gains rate cuts and the like. We know what will occur with their proper implementation; additional food for the beast.

We need to begin to advocate for smaller government. Decreasing the size of government is the only way of reining in spending at this point.

Now don’t get me wrong, I’m all for keeping as much money as I can, but I think we are beyond that point.

By shrinking government’s size, the rest may take care of itself. It’s been too often proven that we can’t starve it. Government will always find more money somewhere.