Tell me about “Economic Stimulus”
So I thought I’d try to bring back a popular feature – Ridin’ Herd on the Blogosphere (or just Ridin’ Herd, cuz I’m lazy). This is where I just link to a whole bunch of stuff I think is worth reading. Here goes:
Brad has a round-up of his own on Great Moments in Fiscal Policy Debate. You gotta love the way Fred Thompson brings up the academic level of debate.
Manifesto Joe considers George W. Bush’s fiscal plans to be insanity:
History matters, and perhaps it’s time to solicit some people’s memories. I well recall the debate over the 1993 Clinton economic plan, which raised taxes somewhat on wealthy Americans. The marginal federal income tax rates in the plan were nothing close to what they had been pre-Reagan, but they were brought much more into line with what it takes to actually finance a national government for a country this size.The plan passed by one vote in the House, and without one Republican vote. Opponents predicted that it would wreck the economy. Over several years, we got the chance to see what a relatively modest move in the opposite direction of Reaganomics would bring about.
Hey, dude, you’ll never get anywhere by reminding us of good things that happen with a more just tax system.
Over at the “All Spin Zone” (take that Billo), we find fond remembrances of Richard Blair:
I’m old enough to remember when the nuclear family was really the American dream: 2.2 kids, a house with a modest mortgage, mom met the kids at the school bus stop in the afternoon because she didn’t work outside the home, dad came rolling in later in the afternoon, dinner was served, homework was done, then maybe some TV (3 VHF channels and a couple of UHF “independents”). Rinse, spit, repeat.
I remember having three channels, but I don’t think anyone anywhere remembers a time when people had 2.2 kids.
Someone wants to know where the money comes from for tax breaks and borrowing (note: where did it come from for the entire Bush Presidency?):
We’ve got a lot of politicians making pie-in-the-sky promises, and even a few plausible-sounding ones, like doling out a few hundred bucks of revenue to everyone will kickstart the economy.
It would be short-term relief, yes.
But certainly not good long-term economic policy (which, of course, has very little to do with getting elected).
Well, if anyone else out there wants to throw in a link to someone else’s discussion of economic stimulus, feel free to do so. That’s what comments are for.
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