Shocker! Americans Prefer Tax Cuts Over Government Spending

For Advertising Info, Write.
rwnews@blogads.com

Premium Left blogad

Left Blog Ad

Permalinks

Shocker! Americans Prefer Tax Cuts Over Government Spending

Written By : William Teach

Yet another blow to the Keynesian theory of economic management. Of course, the American public has had since late 2008 to watch what happens when the government goes ballistic with spending, and seen how well that hasn’t worked

When faced with a budget crisis, most Americans think “it’s always better to cut taxes than to increase government spending because taxpayers, not bureaucrats, are the best judges of how to spend their money.”

A new Rasmussen Reports telephone survey finds that 59% of Americans agree with that statement, while 26% disagree. Fifteen percent (15%) are undecided. (To see survey question wording, click here.)

The thing is, we don’t really have to give more tax cuts, per se. Just have the President and Congress say early on “hey, we’re going to reauthorize the 2001/2003 tax cuts for, say, 5 years”, which would have offered some stability in the economy. Maybe some tax free weekends, or, how about tax free summer? That, and not spending like ferrets on crack.

Crossed at Pirate’s Cove. Follow me on Twitter @WilliamTeach. Get out there and vote!

Anonymous

The thing is, we don’t really have to give more tax cuts, per se. Just have the President and Congress say early on “hey, we’re going to reauthorize the 2001/2003 tax cuts for, say, 5 years”, which would have offered some stability in the economy.

Actually, you’re too generous, Mr. Teach. The operative issue for taxes and growth in this instance would be the change in the tax rate. Reauthorizing the 2001/2003 cuts would not be stimulative per se, but would merely keep us at the baseline. Their expiration will harm the economy, not merely leave us where we are now.

Soldout

The 2001 tax cuts have done nothing to improve the economy, 95% of the public received more tax cuts with Obama’s stimulus, the tax cuts for the wealthy 5% should be rolled back for the sake of the economy and country.

Anonymous

Well, when he’s writing textbooks that economists review or use for teaching, rather than feeding leftist talking points to NY Times readers, Paul Krugman says that you’re wrong that Bush’s tax cuts kept us out of a Depression.
But, I won’t rely on that. I’m not one for appeals to authority. The basic fact is, unless you believe that interest rates were negative, and they weren’t, the Bush tax cuts of 2001 did in fact improve growth from the scenario absent the cuts.
More importantly, your entire argument relies on a flimsy consumer demand-side argument that has shown woefully little applicability to the current economic climate. The economy’s fundamental problem is not an excess of savings. Rather, it is an excess of borrowing.
http://www.wordaroundthenet.com Christopher Taylor

Yes, those are the leftist talking points, one in a row.

But what’s the truth? Do you even care?

Rose

Doesn’t matter if he CARES what the Truth is, they found the Liberal GENE – HE WAS BORN THAT WAY and born to the Marxist Lie.

Bet it was all that GENE TAMPERING that Hitler’s Scientists did looking for blond blue eyes with small flat ears.

Anonymous

Oh, congratulations, you learned how to use cut and paste.

At lest your screen name is an accurate reflection.
Anonymous

Oh, congratulations, you learned how to use cut and paste.

At lest your screen name is an accurate reflection.
Rose

LIAR LIAR LIAR! BORN MARXIST LIAR!
Anonymous

flagged for lying

Soldout

Only republicans would replace financial expertise with general public sentiment/ignorance.

The debt is from the cost of two wars previously kept off the books, Bush’s tarp bailout, and the recscue of a faltering economy. Your next question should be whether the general public prefers a depression with no government spending, or what we got.

Anonymous

Um…no
http://www.americanthinker.com/2010/08/iraq_the_war_that_broke_us_not.html
Anonymous

Oh, Sellout, where to start.

“The debt is from the cost of two wars previously kept off the books,”

Whether you and your liberal friends like it or not we ARE at war with “radical” Islam. This is not a war of our choosing. They chose to pursue this. We can fight or we can die, those are the only two choices we have been given. Under such a choice the costs can not be weighed in the decision making process.

“Bush’s tarp bailout, and the recscue of a faltering economy.”

Government can not bailout a faltering economy in a free market. PERIOD! They can obstruct, or they can get out of the way. IF the government wanted to help they should slash the corporate tax rates to a flat fifteen percent, remove ALL export fees, reduce import fees on raw materials, stop even dreaming about Cap & Trade, cut existing energy taxes in half, cut payroll taxes in half, AND slash the personal income tax to a flat ten percent.
IF they did that they would see our economy EXPLODE. The American people WANT to work, they WANT to start small businesses, and hire more employees. They can’t because they know the Dims want to implement MORE taxes that will sink their businesses as it is, never mind if they expanded.

“Your next question should be whether the general public prefers a depression with no government spending, or what we got.”

Well, since we are recovering from a depression (thanks to Uncle Sam’s bumbling assistance) anyway…
Had the nitwits running around D.C. not spent a single dime on any bailout we’d have been out of this recession already. Things wouldn’t even have gotten as bad as they did, and we wouldn’t be sitting on an extra 3 to 4 TRILLION in national debt.
Yes, we probably would have lost a car company, a lot of people who shouldn’t have been approved for their mortgages in the first place would have lost their houses, and a few banks and other businesses would have gone under. But, our system would be much stronger for all that.

http://www.thepiratescove.us/ William_Teach

I love how it’s now Bush’s Tarp, with Sellout conveniently ignoring that most dems, including Obama, voting for it.

Hey, Sellout, did u notice the timeframe I specified?

http://www.wordaroundthenet.com Christopher Taylor

You know what was happening to the defecit and debt before TARP? It was going down. Then Bush AND OBAMA pushed for the bailout and the Democrats went berserk spending ten times as much as before.

But by all means, try to Blame Bush© for it. See how well that works with anyone but your mindless drone leftist friends.
http://www.wordaroundthenet.com Christopher Taylor

You know what was happening to the defecit and debt before TARP? It was going down. Then Bush AND OBAMA pushed for the bailout and the Democrats went berserk spending ten times as much as before.

But by all means, try to Blame Bush© for it. See how well that works with anyone but your mindless drone leftist friends.
Rose

Liar Liar Liar. Malignant Narcissistic Marxists are insane from birth.

http://www.wordaroundthenet.com Christopher Taylor

Good thing the Democrats raised taxes by the most in American history as they left their jobs last month.
Russ

No they don’t, they’re just saying that momentarily because of high unemployment. They want the government to be efficient, not smaller; that beast doesn’t exist, though.

Who Is Brett Kimberlin?

Premium Right Ads

Blogads Right

Previous Features

The Best Quotes From “Ten Prayers God Always Says Yes To”

Hey Lady Gaga, Kids Have a Time-Tested Answer for Bullies: Punch Them in the Mouth

Seven Differences Between Winners And Losers

The Problem With The Occupy Wall Street Generation

The 20 Most Influential Black Republicans

Talking With Chuck D. From Public Enemy About Farrakhan, Air America’s Failure, And Open Borders

User Info

Users Online

Features

Archives Best of RWN Humor John Hawkins Interviews Quotes Special to RWN