Republicans Doom Next Generation—And Half a Dozen After That
I went over to OneNeuronNow (motto: If we were any less credible, we’d be Fox News) to look for some fundie opinion masquerading as a news report. The very first thing I saw was a Republican lie masquerading as a news report. OK. That’ll do. Apparently the Republicans don’t want to return to the Eisenhower era, when they were actually an effective party with an arguably-valid political philosophy. Instead, they’d rather continue their disastrous economic and social agendas that have destroyed our liberties and our economy.
The article is titled “Obama Budget Dooms Next Generation”, and it begins:
Senator Chuck Grassley warns that President Obama’s budget is a massive transfer of power and economic decision-making from the private to the public sector…
By private sector, he means the private boardrooms of the Fortune 500, who have been running both parties since Reagan.
…all to the detriment of middle-class families and economic growth in the United States.
This is a strange time for the Republicans to start worrying about the middle class, since the last eight years saw one of history’s biggest transfers of wealth from the middle class to the richest one percent.
Senator Grassley (R-Iowa), the [rank] Republican on the Senate Finance Committee, says it is the responsibility of free-market conservatives to “wake Americans up to the devastation” the budget will bring to the next generation.
So they don’t notice the devastation the Republicans have already brought to the next seven generations.
“It’s just going to slow down economic growth, and in fact, slow down money coming into the federal Treasury,” he contends.
He’s perpetuating the myth that economic growth is always good. In fact, the Federal Reserve, which is owned and run by Grassley’s rich friends, frequently adjusts interest rates to retard economic growth (and that isn’t the only retarded thing about Republicans—I know. That one was too easy.). If the economy is running too hot, you end up with uncontrolled boom/bust cycles. The Fed aims for steady, even growth.
The point here is that economic growth has to be managed. Many of Obama’s plans will lead to long-term, steady economic growth, instead of the brief short squirt of economic orgasm that occurs once after each Republican tax cut, followed by massive federal budget deficits as the father is forced to pay child support for the next 20 years on the product of that one-night stand.
Be responsible, Republicans. Practice safe economics!
“Because if you want to increase money coming into the federal Treasury, you need to do how I did it in the 2001 and 2003 tax bills. We lowered taxes—more money came in.”
So let’s just lower taxes to zero. Then we’ll have infinite tax revenues!
The senator contends that people need to be disabused of the notion that raising taxes increases revenue to the federal government, and that lowering taxes decreases money coming into the federal Treasury.
Republicans need to be disabused of the opposite notion. Since they keep perpetuating this myth among themselves, it’s obviously self-abuse. Republicans just keep masturbating to the pornography of low taxes.
To switch metaphors before things get really sticky, think of taxes as being like airline fares. If you charge $10,000 to fly from San Francisco to Los Angeles, you’ll sell very few tickets and you’ll never make any money. If you charge $10, you’ll sell huge numbers of tickets and you’ll never make any money. The sweet spot is somewhere in between. If you want to keep the planes flying, you need to bring in enough revenue to pay for their maintenance.
It’s time for America to pay for some maintenance, before the wings fall off completely.