Just the Facts, Ma'am: A Compendium of Liberal Fiction Message Board

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Politics : Just the Facts, Ma'am: A Compendium of Liberal Fiction

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From: Suma	6/30/2005 12:37:33 PM
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You might all know that I believe in fiscal responsibility and especially Conservative Spending and Responsible Spending. This is why I am disturbed. -- THIS IS MODERN CONSERVATISM: Including the interest payments on additional debt, full and permanent repeal of the estate tax would cost nearly $1 trillion over the first ten years of implementation (http://www.cbpp.org/3-16-05tax.htm) . In other words, the right has placed the final nail in the coffin of whatever claims they had to stand for fiscal conservatism. But in sacrificing fiscal responsibility, they've also given up the mantle of social and moral responsibility. Consider the pressing national concerns we could address with even a small portion of this $75 billion average annual cost: we could prevent all of the proposed $10 billion in cuts to Medicaid included in the 2005 budget -- about 13 percent of the cost; we could replace the Army's 10,000 Humvees that rely on incomplete, improvised shielding with fully up-armored vehicles for about $1.4 billion -- less than 2 percent of the cost; we could offer Trade Adjustment Assistance (TAA) benefits, including job search and retraining assistance, to all workers, regardless of why they lost their job, for about $12 billion a year -- about 16 percent of the cost; and we could enhance retirement security in addition to Social Security for 50 million families seeking to someday have their own estate by offering progressive saving incentives of $500 per year for an annual cost of $25 billion -- less than a third of the cost of repeal. In fact, the revenue loss of full repeal would dwarf than the total amount we currently spend annually on homeland security ($38 billion), K-12 education ($36 billion), health care for veterans ($29 billion), or student financial assistance ($14 billion).

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