Rich Galen is up to his usual antics: providing plausible explanations to things I normally am to lazy to understand.
John Cole started Balloon Juice early in 2002. Those who have followed along know that this has been quite the journey.
I can personally attest that at least one segment of their economy is working- telemarketing. Capital One has called me from a Newfoundland extension three times in the last two days.
Quote of the Day:
Anything that makes your mother cry is fun.
Something else bizarre. When I click on the permanent link of older posts (older is a relative term- in this case from five days ago), it takes me back to when my page was the other names it has been, which is odd.
I have got to figure out why I am only allowed to post a certain number of column inches before it cuts me off. Really annoying have to write in word, then post in reverse order pieces of one thing so it appears on the right order on the blog.
The real allegation, which Mr. Bush did not parry because he cannot, is that the tax cuts have pushed the federal budget from surplus back into deficit, thereby squeezing the government’s ability to beef up military spending and homeland defense while taking care of the nation’s other needs — notably, the long-term shortfalls in Social Security and Medicare and the immediate gaps in health insurance for more than 40 million Americans.
Bush can parry this. Quite easily.
A.) The tax cuts have not taken place and have not caused the recession, much to the consternation of Daschle and WaPo.
B.) The tax cuts are not actually taking monies recieved, and then giving them to people in the same fashion as the ridiculously sized transfer payments we call social security and welfare and farm aid, etc. Instead, a tax cut is reducing the amount of money you will take in the future. Decreasing taxes is not causing a net loss in goverment monies. It is just creating a situation in which there is less future net gain by the government. Some might say that is the same thing, I would disagree.
C.) Daschle et al. love to glibly state that they showed fiscal responsibility during the Clinton years, when they were actually in the minority and it was a Republican House and Senate that passed those bills (which, sorry vast right-wingers- were not actually fiscally responsible- they were ENORMOUS growths in the budget every year, something you ‘fiscal conservatives’ should be exceptionally embarassed about).
D.) If the government can not afford to pay for ‘the nation’s other needs ,’ it seems to me they should spend less in non-critical areas. When I have a budget shortfall in my personal life, I do not have the option of going to my boss and forcing him to pay me more. I spend less.
Just watched A knight’s Tale, which means it is time for a Ten Second Movie Review:
A Knight’s Tale– Medieval people seldom bathed. Bad guys wear black armor. Heralds are effeminate and frequently found naked. Chicks dug Heath Ledger back then too.
Off to go finish Being There by Jerzy Kosinski while watching the last Sunday Night NFL game of the season.