Letters to the Editor

Cuts didn’t work

February 24, 2009

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To the editor:

Considering the state of the economy now, it is strange how conservatives can still tout the idea that the Bush tax cuts worked, as Craig Campbell does in response to my letter to the editor.

Tax revenues grew after 2003, but it is easy for something to grow from a low point. The growth from 2000 to 2007 was only 15.8 percent compared to 91 percent for the 1980s and 122 percent for the 1960s. To blame the Bush deficits on spending flies in the face of the facts. Real spending only grew by 26 percent from 2000 to 2007 compared to 57 percent in the 1960s and 41 percent in the 1970s when the debt did not grow nearly as much.

The problem in the Bush years was that real tax revenues only grew by 5.1 percent, which becomes an even larger debt problem because an increasing share of that revenue is FICA taxes, which need to be paid back to retirees.

Finally, Campbell wrongly identifies everyone’s interests with the interests of people with dividend income over $2 million. When I point out that $56 billion of tax cuts goes to those millionaires yearly, Campbell says “The money is ours.” Since I do not make over $2 million a year, the money is not ours — theirs and mine. It is only theirs. He writes “we got to keep more of what we earned,” but dividends are UNearned income. So really THEY got to keep more of the money they did NOT have to work for.

Thomas Koch,
Leavenworth

Comments

labmonkey 6 years, 3 months ago

So because someone is rich, they did not earn their money. They did were not smarter or worked harder than anyone else. You just sound like a whiner Thomas, because you don't make as much as someone else. As of 2005, there are 2.6 million millionaires in the United States. I'm sure none of them earned that money with hard work. They just stole from the prolateriat.

Flap Doodle 6 years, 3 months ago

labmonkey, you're closing in on that Order of Lenin. Keep posting.

jayhawklawrence 6 years, 3 months ago

The fallacy that you get more money back everytime you cut taxes was proved wrong.

It was an easy decision for Bush because it made his extreme right wing base deliriously happy and it fooled most people since the US was already emerging from a recession.

Bush's father paid a heavy price for raising taxes because it was the right thing to do at the time.

I wish young Bush would have learned something more from his Dad, but obviously it didn't happen.

AjiDeGallina 6 years, 3 months ago

The GOP and the Bush administration failed America, and failed terribly.

Their head in the sand approach to recovery is a joke and only assures further defeat in the next round of elections.

The Dems have been in power what, about 35 days more or less and the GOP has already labeled their efforts as failed and are calling for a return to the course that put us in the worst mess since the Depression.

I used to hate the GOP, now I just pity them as they self destruct further.

I do not, however, like it and do NOT think it is good for America to see them act like chickens with their heads cut off. Even though I am pretty left, I feel the country runs better with a balance and I would like to see the GOP pull itself together, ditch the ignorants who spend all their time and money fighting abortion and gay marriage and start putting their heads together into addressing the issues they should be addressing...the economy, appropriate regulations, America's response to disasters, supporting our military and veterans.

Until the GOP learns that lesson, they will continue to be considered a joke and out of touch with middle-America.

jayhawklawrence 6 years, 3 months ago

The right wing strategy:

Create an imaginary enemy.

Scare people with an imaginary threat.

Ask for their help to fight the threat by submitting to your authority.

Example: Somebody in Black Skillet, Idaho vandalized a nativity scene.

This is part of the vast left wing conspiracy to destroy Chrisitanity and our American way of life.

Result:

One hour of free radio time on Limbaugh and O'Reilly to bash Democrats and other "commies".

jonas_opines 6 years, 3 months ago

Interesting. In the past when this topic got brought up there would be some defense of tax cuts and how they Do work. This time around the responses are pretty much "mine!" and "Libruls are teh eevil!" It's an interesting evolution. Or intelligent redesign, if you will.

rtwngr 6 years, 3 months ago

Why don't you Keynesian economists stuff a sock in it? Where Bush went wrong was trying to spend AND cut at the same time. That doesn't work. You cut and remain fiscally conservative. That fuels the economy. That has been proven to work if you look at the Reagan years and how his administration pulled us out of the Carter debacle.

Where the GOP went wrong was abandoning conservative values. (See John McCain) Some putz in the RNC decided that in order for the republicans to win they had to be more like the Democrats. No the GOP and the conservatives are not wrong just temporarily unseated. See you in 2010 for the mid terms.

canyon_wren 6 years, 3 months ago

It's amazing to me that you posters can "fight" against each other, when it really seems like NEITHER party is worth powder and lead to blow them up. This mess is BOTH parties' fault and I don't think Obama/the Democrats are going to make things any better with this so-called stimulus--or any other pie-in-the-sky plan they come up with. We "mortals" will just have to hunker down and do the best we can till the dust finally settles and that may be a LONG time coming.

Daytrader23 6 years, 3 months ago

Way to go Canyon wren. What ever happened to driving down the "middle" of the road instead of always veering left or right? It seems those people veered off the road along time ago and have fallen off a cliff. Good for them as they deserve it. Unfortunately they took the world economy with them.

Ron Paul 2012

Because most people don't have a clue about who the real puppet masters are or how they are pulling the strings. But this man does, and he has openly fought against them.

jayhawklawrence 6 years, 3 months ago

One thing is for sure; all the fighting and arguing is really hurting the country.

I think you can be free and civil at the same time but I used to believe in Santa Claus too. Really I did.

We have to get behind a quarterback to win this thing.

jayhawklawrence 6 years, 3 months ago

The stock market is not reacting mainly because Wall Street scared the hell out of main street.

Really interesting how the real negative people blame Obama for the damage their negativity is doing.

jonas_opines 6 years, 3 months ago

"Really interesting how the real negative people blame Obama for the damage their negativity is doing."

Really interesting is how to some it's only been the fault of the president for a little over a month now.

Tony Kisner 6 years, 3 months ago

Thomas wrote - dividends are UNearned income. So really THEY got to keep more of the money they did NOT have to work for.

Looks like Thomas has never made an investment of any kind and as such will never create jobs and opportunities for others. Even when the government invest money, for example in new roads, it expects something in return typically additional commerce and tax revenues and a busy, engaged populace.

Poon 6 years, 3 months ago

Good morning Sven! Did you enjoy the great game in Norman last night?

Poon 6 years, 3 months ago

Great ideas there Sven! I have a few more...

Tax cuts for Sven and Poon!!!!

Tax cuts for Sven and Poon!!!!

Tax cuts for Sven and Poon!!!!

Tax cuts for Sven and Poon!!!!

Tax cuts for Sven and Poon!!!!

Sven gonna give the economy stimulation!

Poon gonna give the economy stimulation!

Economy gonna be happy!

jayhawklawrence 6 years, 3 months ago

I think when the crisis began, Bush (to his credit) sounded the alarm.

When people spread lies such as seen on this Blog and attack our President in the manner in which they do, I feel a need to respond.

"Evil triumphs when good men do nothing".

Edmund Burke - The father of modern Conservatism.

The greatest economists in America believe that an injection of capital is needed to restore confidence in the US economy. The negative people want to break down that confidence.

The only alternative is a long drawn out and painful Depression that beats everyone into the ground until they don't care anymore what political party you belong to. They just want something to eat.

beawolf 6 years, 3 months ago

This thread is pure idiocy. A bunch of pseudo-economists trying to rationalize which party is at fault. It doesn't matter. The Republicans had their opportunity and failed. Now it's up to the Democrats to right the ship OR totally sink it.

The Republicans better stop whining about the causes of their past failures and look to establishing a sensible platform for the 2010 election. If they get shellacked as bad as in 2008, the Republican party as we know it, will cease to exist.

And the Dems need to stop pointing fingers and concentrate on the problems at hand, otherwise their time in the spotlight will be short lived.

Poon 6 years, 3 months ago

"When people spread lies such as seen on this Blog and attack our President in the manner in which they do, I feel a need to respond."

Alright, so I will attack a former president.

Bush was a big, fat goober head.

If I was a betting man, I'd place a dollar that jayhawklawrence would remain silent on that little slander against a POTUS

imastinker 6 years, 3 months ago

Thomas makes me feel a little bit guilty collecting interest for money I have at the bank. After all, it is UNearned income, just like dividends.

Thomas, maybe you will give me a loan at 0% interest?

feeble 6 years, 3 months ago

Regarding dividends, last time I checked, usury was still a sin. Of course, I'm unrepentant.

jonas_opines 6 years, 3 months ago

Mr_Nancy_Boy_To_You (Tom Shewmon) says…

"When do you want Obama to take ownership, jonas, next year? 2011? Just when? We were not to blame the breakout of terrorism on eight years of Clinton, right?"

Silly silly right-thinker. If you, ya'know, thought before you posted we might get somewhere.

As far as I can tell, Obama is taking ownership of the economic situation. Doing so in ways that I don't particularly like, admittedly, but at this point it's just your dodge that we're worrying about. The point, that I think you just intentionally tried to dodge around, is that a few folks seem to have just found permission to blame the president since we had a change in administrations. But you knew that, didn't you?

As for the terrorism tangent, that I am also assuming you were hoping that I'd just latch onto and let you off for the rest, you can believe that level of simplistic revisionism if you want to. No one in the 90's (president included) seemed to give a damn about global terrorism until we got hammered on 9/11, and I think you know that too.

It really does require a lot of effort on your part to maintain your cartoonishly partisan worldview, doesn't it?

jonas_opines 6 years, 3 months ago

I am, by the way, curious how a global problem that's been going for decades suddenly became a "breakout" of terrorism as well.

BigDog 6 years, 3 months ago

Interesting how so much blame for spending is placed upon Bush and Obama. How about Congress? Don't the develop and approve spending bills? Both chambers have been controlled by Democrats for the last 2 years of Bush administration ..... they need to share the blame for that spending as well as current spending bill.

Before I get jumped on here .... the Republican Congress which controlled both chambers during the first years of Bush administration need to be blamed for the out of control spending then as well.

Poon 6 years, 3 months ago

"Conserva-hards"?

Sven, you make me smirk :-)

jonas_opines 6 years, 3 months ago

"In a cartoonish two party system."

Yes, that would be my opinion on one of the major problems we are having as a country. Congratulations on so effectively contributing to the problem.

If you applied the same level of rationalization to both sides you'd never find anyone to blame. If you applied the same level of criticism to both sides you'd never find anyone to support.

TacoBob 6 years, 3 months ago

Both parties are responsible for this wacked economy. The housing bust and all contributing factors is the 800 lb gorilla. Draw your own conclusions on how this came to be. Plenty of blame to go around.

Obama is trying but his policies are being pummeled right now. For all our sakes, we should hope he rights this sinking ship.

Left_handed 6 years, 3 months ago

The tax cuts resulted in record federal revenues. The mistake the GOP led congress made was spending money like Democrats. Even holding the line on spending would have reaped tremendous dividends, cutting spending would have been even better.

Tax cuts always have resulted in increased revenue. It did for JFK, and it did for Reagan. I guess you don't know that if you get your talking points from the Daily Kos.

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