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The Babe Theory Of Political Movements.
Mar. 21, 2005 11:50 AM
Iran's Sham Election In Houston.
June 20, 2005 5:36 AM
Yes, Kanye, Bush Does Care.
Oct. 31, 2005 12:41 AM
Health Care vs. Wealth Care.
Nov. 23, 2005 3:28 PM
Americans Voting With Their Feet.
Nov. 30, 2005 1:33 PM
Idea Majorities Matter.
May 12, 2006 6:15 PM
Twilight Zone Economics.
Oct. 17, 2006 12:30 AM
The "Shrinking" Middle Class.
Dec. 13, 2006 1:01 PM
From Ashes, GOP Opportunities.
Dec. 18, 2006 6:37 PM
Battle Between Entitlements & Pork.
Dec. 21, 2006 12:31 PM
Let Economic Freedom Reign.
Dec. 22, 2006 10:22 PM
Biggest Health Care Moment In Decades.
July 25, 2007 4:32 PM
Unions Antithetical to Liberty.
May 28, 2008 11:12 PM
Right To Work States Rock.
June 9, 2008 12:25 PM
Social Security Reform Thursday.
January 29, 2008
Jan. 21, 2009
The Carnival Of Classiness.
Mar. 14, 2006
Quotational Therapy: Obama.
Apr. 4, 2008
Mainstream Melee: Wolfowitz.
May 19, 2007
Pundit Roundtable: Leaks.
July 9, 2006
A WILLisms.com(ic), by Ken McCracken
July 14, 2006
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Trivia Tidbit of the Day: Part 535 -- 2003 Tax Relief Results.
The Psychology Of Tax Cuts-
In 2003, a few months after Republicans gained marginal control over the United States Senate, they passed the first significant pro-growth tax relief of the Bush administration. Not surprisingly, the economy flourished:
In the 13 quarters that followed the 2003 tax relief package, more than 5.3 million jobs were created. Stimulus is tax relief.
The central problem with the Bush tax relief of 2003 was that there were too few conservatives in Congress, so the tax relief was set to expire automatically a year or so after Bush left office. That day of reckoning is now rapidly approaching. Impending tax hikes cause a lot of uncertainty for individuals and businesses alike. That very uncertainty is the root of a lot of our economic problems today.
Add on the perceived value of what we'll receive from the stimulus versus what we will pay for the stimulus, and most people are looking at big tax hikes over the next few years:
The fundamental problem that a growing government imposes upon an economy is the growth of uncertainty. Every two years, there's another election. Every four or eight years, we may have a new President. Because government is such an increasingly central player in the economy, and because our government is so subject to populist whims and bad idea jeans, the growth of government not only does not smooth out the ups and downs, as many Keynesians and socialists argue, it causes and amplifies them.
Moreover, "tax rebates" (checks mailed or direct deposits wired) are not the same as tax rate cuts, so let's please stop blurring those lines.
To paraphrase Ronald Reagan, freedom is always only one election away from extinction. When government is limited by statute, as our Founders intended, there is less corruption and more robust growth over the long run.
Previous Trivia Tidbit: Socialized Medicine.
Posted by Will Franklin · 17 February 2009 11:02 AM
Ronald Reagan was so right! Obama and the Dems are so wrong!
Posted by: ZsaZsa at February 18, 2009 04:10 AM