New Republic Editor’s Fuzzy Tax Math
The New Republic’s senior editor Jonathan Chait wrote an interesting op-ed on Sunday determined to prove that President Bush’s tax cuts in 2001 and 2003 haven’t resulted in increased tax revenues (hat tip to Dave Pierre), while also attempting to make the case that tax hikes are better fiscal policy. The article’s title was “Bush’s Silly Budget Logic,” which is quite apropos given the fuzzy math…
The Federal Budget Deficit: Bush Benchmark Achieved, Ignored
A huge point has been virtually if not totally ignored since the announcement on Friday that the reported federal deficit for the fiscal year that ended a week ago was $250 billion -- The Bush Administration has done what it said it would do about the deficit three years ago, and has done it a full three years early, i.e., in half the time predicted.This continues what has been a very difficult…
For Brooks of LA Times, Tax Cuts = Child Abuse
Do you favor tax cuts? If so, you're no better than a congressman wanting to slip the pants off a page. Worse, for that matter. That's the reasoning of Rosa Brooks, L.A. Times columnist. In Grand Old Party of Child Endangerment, Brooks argues that:"Foley's acts may have damaged the handful of boys unfortunate enough to have attracted his attention, but the damage to children caused by his abuse…
Underreported Fact: Welfare Rolls are STILL Plunging
An underappreciated accomplishment of the past five years has been the continued reduction in the number of people on welfare.The welfare caseload, after declining dramatically in the first four years after Welfare Reform was enacted, might have been expected to level off, or even rise slightly with overall population growth, after the initial impact of the 1996 law wore off.After all, the…
