Monday, February 07, 2005
The New Republic Online: Tipping Point: "So much harder, in fact, that slashing taxes would actually raise more revenue than before. 'People change their behavior when their marginal incentives change,' explained supply-side guru Arthur Laffer. The resulting 1981 tax cut helped triple the deficit by 1983."
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This is a prime example how the people over at the New Republic are willing and conscious liars, perhaps paid liars [I don't know how subscriptions and advertisements are doing].
To prove that lowering taxes did not raise revenue, the evidence is given that the deficit increased. Clever liars, too, unless you know the facts. The facts are that the revenue did explode after the Reagan tax cuts, but the New Republic conveniently omits that fact, instead citing the budget deficit. What really happened is that the Democrats who controlled Congress did not keep their word and exploded the spending faster than the revenue exploded, creating the deficit, of course. Liar, liar, pants on fire.
But the jig is up. We all remember CBS and Dan Rather. Will the New Republic be next for their bias and lying "reporting"?
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This is a prime example how the people over at the New Republic are willing and conscious liars, perhaps paid liars [I don't know how subscriptions and advertisements are doing].
To prove that lowering taxes did not raise revenue, the evidence is given that the deficit increased. Clever liars, too, unless you know the facts. The facts are that the revenue did explode after the Reagan tax cuts, but the New Republic conveniently omits that fact, instead citing the budget deficit. What really happened is that the Democrats who controlled Congress did not keep their word and exploded the spending faster than the revenue exploded, creating the deficit, of course. Liar, liar, pants on fire.
But the jig is up. We all remember CBS and Dan Rather. Will the New Republic be next for their bias and lying "reporting"?
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The Dems' Week from Hell: "A former kleagle of the Ku Klux Klan berating a cultured black woman, one of whose childhood friends was blown up in Birmingham: This is the image you want to create for your party? Call it strike one."
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As fine an analysis of liberal bankruptcy as you will find on the web.
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As fine an analysis of liberal bankruptcy as you will find on the web.
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