What McCain Could Do About Taxes

[ShockediSay]

http://www.nytimes.com/2008/03/09/business/09every.html


"...Since you were, in your usual modest way, genial enough to acknowledge recently that you know little about economics, may I offer you some thoughts on a big part of economics, namely tax policy, bearing in mind that no one knows much about it...."

"All politicians campaign on the promise to cut federal spending by identifying hitherto unfound waste, fraud and corruption. None of them ever do so in a meaningful way."


"...the Republican Party (my party and yours) has for the last 30 years or so been operating under a demonstrably false and misleading premise: that tax cuts pay for themselves by generating so much economic growth that they replace the sums lost by tax cutting...."

"...In fact, tax cuts lower federal revenue and generate federal deficits....

" shift the tax burden from us to our progeny and add immense amounts of interest expense to the federal budget. At this point, taxpayers shell out about $1 billion a day just for that item."

"By flooding the world with debt, we in effect beg foreigners to take our dollars, and this leads to a lower value of the dollar and a higher cost of imports, including oil. If you feel pain filling up the tank, you can partly thank those tax cuts. If you feel the sting of inflation, you can partly thank the supply siders. Deficits matter...."


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This is one right on Republican economist, Ben Stein

[Cary]

1. Where has Ben Stein been while these lies have been . ..

perpetuated over the last 25 years?

And why is he such a big fan of Republicans when he knows they are liars?

Sorry I'm not impressed. He's a dollar short and a day late. He's part of the problem--not part of the solution.