Comments on: Keeping the Economy Going: Failing to Learn the Lessons of Even the Recent Past http://www.bizzyblog.com/2008/02/17/keeping-the-economy-going-failing-to-learn-the-lessons-of-the-past/ The Business End of the Blogosphere Tue, 02 Dec 2008 09:16:11 +0000 http://wordpress.org/?v=2.5 By: Joe C. http://www.bizzyblog.com/2008/02/17/keeping-the-economy-going-failing-to-learn-the-lessons-of-the-past/#comment-120555 Joe C. Mon, 18 Feb 2008 01:42:41 +0000 http://www.bizzyblog.com/2008/02/17/keeping-the-economy-going-failing-to-learn-the-lessons-of-the-past/#comment-120555 <blockquote cite="Why is investment declining? One explanation is that firms and investors know that there is a tax hike on the way when the Bush tax cuts expire in 2010. 'The two big negatives for investment loom on the horizon,' says economist Michael Darda, 'higher tax rates and higher inflation due to easy money.' Mutual fund data from the fourth quarter of 2007 confirm that a weak dollar and the risk of higher taxes are pushing capital overseas."></blockquote> A.k.a. "The Democrat Effect"

A.k.a. “The Democrat Effect”

]]> By: TBlumer http://www.bizzyblog.com/2008/02/17/keeping-the-economy-going-failing-to-learn-the-lessons-of-the-past/#comment-120553 TBlumer Sun, 17 Feb 2008 20:13:18 +0000 http://www.bizzyblog.com/2008/02/17/keeping-the-economy-going-failing-to-learn-the-lessons-of-the-past/#comment-120553 "logically" -- key word. Unfortunately, the "starve the beast" theory hasn't worked because of the absence of a balanced budget mandate, which failed by one vote in 1995 in the Senate. IIRC correctly failed to get a majority, in which case I believe even a weakened (at the time) Clinton would have vetoed anyway. “logically” — key word.

Unfortunately, the “starve the beast” theory hasn’t worked because of the absence of a balanced budget mandate, which failed by one vote in 1995 in the Senate. IIRC correctly failed to get a majority, in which case I believe even a weakened (at the time) Clinton would have vetoed anyway.

]]> By: Libertarian Jason http://www.bizzyblog.com/2008/02/17/keeping-the-economy-going-failing-to-learn-the-lessons-of-the-past/#comment-120552 Libertarian Jason Sun, 17 Feb 2008 19:12:34 +0000 http://www.bizzyblog.com/2008/02/17/keeping-the-economy-going-failing-to-learn-the-lessons-of-the-past/#comment-120552 I disagree that its separate. Taxation is simply a question about how we finance Big Government. Spending logically PRECEDES the question of taxation...not the other way around. If the FedGov plans to spend $3 trillion, then that is $3 trillion worth of resources that has to be rediverted from the productive sector to these uses. If we reduce the amount of resources those parasites in DC are attempting to hijack, the economy will be that much better off. I disagree that its separate. Taxation is simply a question about how we finance Big Government. Spending logically PRECEDES the question of taxation…not the other way around.

If the FedGov plans to spend $3 trillion, then that is $3 trillion worth of resources that has to be rediverted from the productive sector to these uses. If we reduce the amount of resources those parasites in DC are attempting to hijack, the economy will be that much better off.

]]> By: TBlumer http://www.bizzyblog.com/2008/02/17/keeping-the-economy-going-failing-to-learn-the-lessons-of-the-past/#comment-120551 TBlumer Sun, 17 Feb 2008 18:51:38 +0000 http://www.bizzyblog.com/2008/02/17/keeping-the-economy-going-failing-to-learn-the-lessons-of-the-past/#comment-120551 #1, spending is a topic separate from this post. In terms of deployments, you missed the Horn of Africa. :--> #1, spending is a topic separate from this post.

In terms of deployments, you missed the Horn of Africa. :–>

]]> By: Libertarian Jason http://www.bizzyblog.com/2008/02/17/keeping-the-economy-going-failing-to-learn-the-lessons-of-the-past/#comment-120546 Libertarian Jason Sun, 17 Feb 2008 15:19:55 +0000 http://www.bizzyblog.com/2008/02/17/keeping-the-economy-going-failing-to-learn-the-lessons-of-the-past/#comment-120546 More than tax cuts, we need DEEP cuts in spending. Government spending is the biggest tax of all... who cares how you finance it. Let's see... I say we start with ending the Iraq war, pulling out of the Middle East, East Asia and Europe. We could save the productive sector (aka. the private sector) a ton of money, and create prosperity. More than tax cuts, we need DEEP cuts in spending. Government spending is the biggest tax of all… who cares how you finance it.

Let’s see… I say we start with ending the Iraq war, pulling out of the Middle East, East Asia and Europe.

We could save the productive sector (aka. the private sector) a ton of money, and create prosperity.

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