Writing for AEI’s The American, Veronique de Rugy prepares the ground for the inevitable post-midterm election battleground: tax increases or spending cuts. Obama knows he’s done with new policy initiatives beyond his ability to craft new regulatory schemes. The next front is how to pay for the spending he lost the House and possibly the Senate to achieve.
So, please read her post. But, better yet, then take the following graphic and email it to everyone you know. Much like the Bush vs. Obama deficit chart that Glenn Reynolds so strongly publicized, this simple chart puts the relative size of the Bush tax cuts and overall federal spending into a format that anyone can immediately grasp.
[Click graphic to embiggen. Original posted here]
Sometimes the truth really is just this simple. Says de Rugby: “If Washington is serious about reducing the debt level it could easily extend the tax cuts—it’s spending that must be cut.”
related: a slightly more wonkish slap at The Economist over the efficacy of tax increases vs spending cuts.
She’s definitely playing to a theme today. Why? Because she knows this fight is coming.
Email the graphic or I will hunt each of you down!
Don’t forget about the Atlanta meetup tomorrow. Birdie hunting at 1:45 and Emory at 7:00.
Let me be perfectly clear: the concern over spending is legitimate, and I will go through that budget line by line, just as soon as Congress puts one on my desk, which keeps not happening because of the obstructive elements in Congress, who are following in a long American tradition that is ultimately very destructive.
Make no mistake: this administration will make deficit reduction a priority, immediately after ensuring each American has a waffle in every pot and a solar panel on every roof, and an energy monitor in every room, to pass the savings on to you, or I will find out whose ass I need to kick.
The Economist article basically puts forth the standard Keynsian argument. But the conclusion that austerity measures can just as easily cause a recession as reckless spending can is startling; and hopelessly flawed.
I can see where it is applicable to a nation where a high percentage of GDP is dependant on government spending, like the UK for instance. But here in the US, at least for the present, GDP is still sufficiantly greater than GDP such that austerity will do nothing but good.
And the concomitant tax cuts will put more money in the pockets of people and small businesses to spend as they see fit.
Now that’s the kind of stimulus I’m talking about…
the vision needs to be a vision of steadily decreasing taxings on everybody until they reach levels what I think are acceptable
We’ll put you in charge of tax rates happyfeet.
that seems wise
Laser-like ball focus.
happyfeet, call the ball…
I came across a short quote from a speech which I then searched out. The whole of it would fit right in her but I’ll only quote a bit.
1977 March 14th, Margaret Thatcher, Speech to Zurich Economic Society.
here not her above
So she’s de Rugby cause she knows how to scrum?
This is something that is hard to express precisely yet we all know it’s true. It’s just… not math. You know what I mean?
laser-like focus
“You know what I mean?”Yes. This “knowing” is part of what makes one, no matter where they hail from, an American not just, or even if not, a citizen of the United States.
He’s a provocateur, this guy. Argggh. Goddamn lasers. Fucking balls.
I think the very important thing to remember is that Allah is the devil. He trolls your soul even as he taunts the rubes. Has he ever had a kind word for Daniels? No. Remarkable, isn’t it? Hey, that reminds me of this treatment of Palin.
Pattern. Well, yeah.
I should phrase this mo’ better.
Don’t like Allah. Never will. He’s the sort of asshole that only other assholes can truly recognize.
I’m that asshole. With the recognizing and such.
From the same survey.
And here’s the head of the organization himself, Robert P. Jones.
He’s Protagoras got up in a modern monkey suit with an internet hook-up. This isn’t a judgment that seems to fit you from where I’m looking bh, but maybe you’d know better than I about that.
Allahpundit understands little about the Tea Party, nor much about anything else outside of pop culture. I still remember him having one of his patented end-of-the-world meltdowns when “Texas independence” was mentioned at the Glenn Beck Tea Party down at the Alamo back in April 2009, which I attended. Those two words got the loudest cheers out of all that was said at that event. Hardly surprising to those of us who are Texas natives.
[…] It's the [Keynesian] economy, stupid [bh] […]
Give my economy rebound, please. Wes Unseld had the rebound down pat. Best not to get in his way.
Their full report, pdf file.
If you’re going to give me such an easy out I’ll definitely take it, sdferr. Nope, no Protagoras.
At the end of the day, it’s just that I find him to be so extremely transparent. When others don’t see it immediately it makes me wonder if they aren’t simply better people.
Allahpundit’s easy, bh. Even back when he was blogging on his own and specializing in snark.
He’s a wannabee insider. I don’t know if he thinks Meghan McCain is hot, but I do know he burns to move in the circles where that opinion might be relevant. Martha’s Vineyard and the Press Club, Murkowski and Castle, why certainly you can play through, Mr. President…
It doesn’t make him a bad person, or useless. He’s bright, and has a good eye for press foolishness; he can still bring on the caustic comment when he feels the urge. A biased viewpoint is actually useful, if you know what the bias is. It can give you an angle you can’t see from where you sit.
Regards,
Ric
the vision needs to be a vision of steadily decreasing taxings on everybody until they reach levels what I think are acceptable
….or jump out of this lifeboat full of fatasses who can’t row, swim to an island, and start over.
Anybody who cares that much what other people think of his opinions, has no testicles.
“happyfeet, call the ball…”
followed by feets quoting allahpundit… definitely a bolter.
FTFY.
Are we having every thread derail/OT within 15-20 comments lately?
Are we having every thread derail/OT within 15-20 comments lately?
Sounds like a game show.
“I can derail the thread within 10 comments”
“I can derail it with ONE comment”
DERAIL THE THREAD”
Palin
This tax and spend dealo is so painfully obvious to many here, it’s almost hard to work up a discussion of the matter, though.
Unless, of course, we had a serious liberal/Keynesian who wanted to debate the issue.
comment #14 is about the spendings
Uh Feets,
You know the Tea in Tea party stands for Taxed Enough Already, not Tithe Extra America.
I’m pretty sure Team R will suffer no more Snarlen Arlens thanks to Team Tea Party. Seems like a much better team to be on then Team Hot Air…No?
Be warned, if the Capitalists take over and push through spending cuts while keeping taxes low, old people will be subsisting on dog food.
How do I know? When Bush was in office and unemployment was @ 4.7, the MSM reported on old people eating dog food. When Obama is FROTUS, and unemployment is @ 16, the MSM constantly warns of old people eating dog food under a non-Obama administration. How do they know? They know what they’re going to report, that’s how.
Jobs!
heh
AllahPundit is also known as EyorePundit for a reason.
Trying to square this from the poll Allah quoted, zero.
With this from one done by Mark Penn who is a Democrat pollster,
seems to be like dividing by zero.
First “zero” should not be there.
Less than 108 weeks and Keynesian economics will be over. With any luck it stops growing in less than 4.
[…] Zero could take a look at how extending the Bush Tax Cuts is infinitely less expensive than his failed Keynesian policies. Share this:Share Posted by FullMetalPatriot 12th gen. American, Constitutionalist, […]