Neolib: You said: "Economics is a major branch of modern knowledge, but as I have pointed out, there is very little true divergence between the majorities of either party on this issue."
Nonsense. If you look carefully at the majority of both Democrats and Republicans in both houses of Congress, you will see clear differences between their economic philosophies. Democrats want to raise taxes to cut the deficit. Republicans, by and large, realize that to cut the deficit, you cut taxes, not raise them.
This from another post from LindyBill:
Deficit tide ebbing
Washington Times
By Donald Lambro
July 7, 2005
The good news this week is the unexpected surge in federal tax revenues that is slashing the federal budget deficit by about $100 billion. This is especially welcome news to supply-side tax-cutters who argued all along that lower tax rates spur stronger economic growth, which, in turn, creates more jobs that increases tax revenues. That is happening now.
It's embarrassing news for President Bush's diehard Democratic critics, who predicted his tax cuts would worsen the budget deficits and drive the government deeper into debt. They argued throughout last year's elections that the tax cuts failed to grow the economy, create jobs or improve fiscal health.
Surely, it has become quite clear they were wrong on all counts -- again.
I urge you to read the entire post:
Message 21484267 |
