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September 23, 2005
Shock: The New York Time Agitates For Tax IncreasesTax cuts don’t create debt; overspending does. Based on current estimates, the federal government will bring in almost $2.2 trillion worth of income tax receipts in fiscal 2005. This is more than it received during the final stock market bubble year of 2000, and is guaranteed at this point to be an all-time high. If Congress spent the same this year as it did in 2000, there would be about a $400 billion surplus. Unfortunately, spending is estimated to be almost $700 billion more this year than in 2000 - a 39 percent increase. As tax receipts are coming in at a record level this year after two economic stimulus packages, it would be devoid of budget acumen to conclude that the projected $330 billion deficit is caused by anything but overspending. posted by Ace at 11:57 AM
CommentsNo sweat. Bush is fucking famous for cutting spending. "The human hatchet" they call him. He'll get Congress in line. Posted by: jamie r. on September 23, 2005 12:15 PM
I believe a character in David Copperfield had something to say about this: Mr. Micawber: "Annual income twenty pounds, annual expenditure nineteen six, result happiness. Annual income twenty pounds, annual expenditure twenty pound ought and six, result misery." If only that were true for Congress. Perhaps they should institute some kind of variable pay for the Congresspeople (and President) -- every little piece of earmarked pork gets docked from their office budget and base salary. They should get bonuses if they pass clean appropriations bills. Of course, the Supreme Court would have to be the arbiter as to whether they did that... Posted by: meep on September 23, 2005 01:17 PM
LINE. ITEM. VETO. It was declared unconstitutional during the Clinton era. We need a constitutional amendment to explicitly allow it. LIV is the only way to get the spending under control. Its unreasonable to expect individual congresspersons to slit their own throats(pork==votes). Someone is going to have to do it for them. Posted by: Tony on September 23, 2005 03:03 PM
I have to laugh at how many people can ignore the fact that all the govt spending of borrowed money AFFECTS the economy! It pays wages (and so reaps taxes) of contractors, the military, etc etc, and money flows into communities, more taxes are collected, etc etc. I have to repeat the obvious: that does not mean that govt spending is efficient, or necessary, or a good jobs program, or justifiable. It just means it is silly to ignore that the borrow-and-spend strategy of the current admin, on a scale of hundreds of BILLIONS, has REAL effects on the economy! Posted by: tubino on September 23, 2005 10:32 PM
In some attempt at fairness to our Congresscritters (and POTUS), probably half of the 700 billion increase was for stuff not occurring in 2000 - eg, Afghanistan/Iraq. But that leaves a heck of a lot of money. Posted by: John Anderson on September 23, 2005 10:51 PM
Not surprising for the infamous New York Pravda this paper is only good as birdcage linning Posted by: spurwing plover on September 26, 2005 11:04 AM
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Deport...Deport...Deport The F***ing Lot! A new UK anthem? [Hat Tip: S.E.] [CBD]
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Update to Gavin Newsom Under Investigation story: This investigation was begun under Senor Dementia:
Adam Housley
Teen Driver Tayvin Galanakis Wins Jury Trial Against Officers Who Charged Him With DUI Even After He Blew 0.0 on A Breathalyzer And Passed Sobriety Tests. One Officer Accounted For 72% of All DUI Arrests For That PD [dri]
Days before the woman was stabbed in the neck by a taxpayer-supported Cultural Enrichment Officer, in the same general area, another taxpayer-supported Cultural Enrichment Officer attacked a boy and bloodied his head with a brick.
What is the UK Regime's plan for protecting the citizens from the savage criminals they've foisted on the populace? They offer NONE. They do, however, have a plan for protecting the savage criminals from the citizens: The citizens must STAY CALM and not get angry and not share videos of citizens being attacked by savage criminals. The public keeps saying "protect us from the foreign savages you have imported against our wishes and over our objections" and the UK branch of The Regime keeps proposing plans to protect the foreign savages from the public. Soclose to what the public is demanding, just, you know, the complete opposite. Just a thought: Maybe you wouldn't have to worry about the public attacking the savage criminals if you actually introduced a plan to protect the public from the savage criminals. Maybe they wouldn't feel as if it was necessary for them to protect the public through self-help.
Courtney Subramiam, one of the "journalists" who "previewed" her questions for the decrepit and demented Biden so that he could "answer" it with a pre-scripted response, rewarded by promotion to president of the White House Press Corps
Bonchie You know what's really terrible? There are Daily Signal reporters in the press room. That's the Real Scandal Here!
English racist garbage-person who's on the wrong side of history warns the corrupt Regime that the people cannot take much more of this -- and won't take much more of this
The English have rebelled before.
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Odd 90s-Retro Susan Collins ad against the Nazi Hotchkiss "hobby farmer"
I like the throwback AOL style of the ad.
Seattle mayor shrugs off millionaire-tax concerns as 44% of business leaders consider leaving
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