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lord opie: why are tax cuts retarded

LordOpie

MOTHER HEN
Oct 17, 2002
21,022
3
Denver
I'm not sure how it relates to our discussion of the tax cuts of 2001 and 2003.

Can you elaborate on your question?
 

LordOpie

MOTHER HEN
Oct 17, 2002
21,022
3
Denver
Tax cuts arent retarded. Its tax cuts without spending cuts that are a problem.
Well, that's not a universally true statement either.

If you're in a recession, properly applied tax cuts along with an INCREASE in spending can pull you back to balance a lot faster.

I advocate a full-employment budget -- run a deficit in recessions, surplus in booms.
 

skatetokil

Turbo Monkey
Jan 2, 2005
2,383
-1
DC/Bluemont VA
I'm not going to disagree with Keynes completely, but theres always the lag/overshoot problem with fiscal policy and we have to keep it in mind. The government may enact a tax scheme that would be great for an expanding economy but by the time its effects are felt, the business cycle is already flagging and the added government induced slowdown throws us into a deeper recession or worse. I usually find myself in the "government doesn't know what it's doing" camp however so I'm a bit biased toward tax and spending cuts.

I would prefer that our country's full employment is not achieved with government make-work programs since these produce long term distortions that politicians are not considering when they advocate deficit spending in the short term.
 

HOWDY

Chimp
Mar 14, 2006
49
0
in the path of Charlie, SWF
I JUST WANT MORE OF WHAT I MAKE. I DONT MIND TAXES AS LONG AS THEY ARE WELL SPENT. NOT AN ECONOMIC MAJOR JUST LIKE LORDS WAY OF EXPLAINING THINGS.

ISNT "deficit" the name of the new bath house OHIO frequents.
 

BurlyShirley

Rex Grossman Will Rise Again
Jul 4, 2002
19,180
17
TN
I JUST WANT MORE OF WHAT I MAKE. I DONT MIND TAXES AS LONG AS THEY ARE WELL SPENT. NOT AN ECONOMIC MAJOR JUST LIKE LORDS WAY OF EXPLAINING THINGS.

ISNT "deficit" the name of the new bath house OHIO frequents.
You could save "more of what you make" by not typing in all caps and wasting your computerink.
 

ohio

The Fresno Kid
Nov 26, 2001
6,649
26
SF, CA
ISNT "deficit" the name of the new bath house OHIO frequents.
I knew I recognized you... "howdy," indeed!

For those of you that will never have the pleasure of meeting this guy, let me tell you he has the tightest asshole I have ever violated while cheered on by a room full of naked men.
 

Silver

find me a tampon
Jul 20, 2002
10,840
1
Orange County, CA
For those of you that will never have the pleasure of meeting this guy, let me tell you he has the tightest asshole I have ever violated while cheered on by a room full of naked men.
You have no idea how much that hurts me. I guess that asshole tightening surgery I underwent just wasn't good enough for you...