Thank you, Quazi!
AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.
Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb
Why is no one mentioning that the reason that he needs to make these cuts is because he gave more tax breaks to businesses? So we are cutting our middle-class' wages so we can give business a break?
Wisconsinís Cheesy Tax Cuts - Lee Sheppard - Taxation & Finance - Forbes (written by Lee Sheppard - a tax lawyer)
Making sense of Wisconsin's union showdownIs it possible to cut taxes while addressing a state budget deficitóleaving aside misguided folk belief in supply-side economics?
Wisconsinís new Republican governor, Scott Walker, is cutting small business taxes while trying to reduce essential spending and threatening to prevent public employees from striking. The state has a budgetary shortfall of $3 billion over two years (Wisconsin budgets biennially). But Walker campaigned on creating a business-friendly climate, and called a special legislative session to enact his plans.
Why not just lay it on the table: republicans and Walker think business is more important than the middle and lower class. Supply-side economics rears its ugly head again.One old trick is to suggest a thought experiment that asks readers to consider the mirror image of what is going on. In this case, you'd be asked what the reaction would be from Republicans and business interests if a newly elected Democratic governor and legislature proposed to deal with a budget deficit by first raising unemployment benefits and then pushing through a big corporate tax increase for all but the Democratic-leaning tech sector. For good measure, the package would also contain a ban on corporations making political donations without getting the permission of each shareholder, lest they use their power to repeal the tax increase and push the budget out of balance.
This is analogous, of course, to what Gov. Scott Walker has proposed for dealing with Wisconsin's budget gap: the tax breaks for businesses, the benefit cuts for all state employees except Republican-leaning police and firefighters, the automatic decertification of all public-sector unions and the stripping of their right to bargain anything but wages. Looking at Walker's reflection in the political fun-house mirror makes it abundantly clear that the governor has a more ambitious agenda than merely closing a modest budget gap.
Ecclesiastes 10:2: "A wise man's heart directs him toward the right, but a foolish man's heart directs him toward the left."
Government is not the solution to the problem. Government IS the problem.-Ronald Reagan
A soldiers blog
The problem is poor decisions by Dems over the past five + years, which is why most of them got voted out of office.
Last edited by Gill; 02-23-11 at 07:54 AM.