Unchartered Territory

Pherr the Dorf · Post by **Pherr the Dorf** » May 29, 2003, 11:05 am

Selective vision, if I don't see the report I don't have to pretend it's real

http://www.msnbc.com/news/919446.asp?0cv=CB10

Fairweather Pure · Post by **Fairweather Pure** » May 29, 2003, 11:34 am

I have no clue as to how that 350 Billion dollar tax-cut became law. That is un-fucking-believable. This is by far the worst administration I would have ever thought possible.

Third grade math will tell you that Dubya and Co. are giving Americans a long, dry fucking with thier combination of ungodly spending, and unreal tax cuts. I certianly didn't need this report to tell me that. It's blatantly obvious.

Everything we're bearing witness to now is all going to bite us in the ass later.

masteen · Post by **masteen** » May 29, 2003, 12:36 pm

It's cool. We're just going to borrow shitloads of money from a bunch of South American/African banana republics and then default on them 5 years later. Turnabout is fairplay, after all

Zamtuk · Post by **Zamtuk** » May 29, 2003, 2:40 pm

IT'S THE COST OF FREEDOM!

Deward · Post by **Deward** » May 30, 2003, 4:13 pm

I am all for tax cuts of any kind being a Libertarian. The problem is that they are increasing spending at the same time. Government spending has gotten completely out of whack. What the hell are they thinking in DC. 15 billion to africa!!! 4 billion a year to Israel and Egypt. Almost a billion to Arafat.

Government spending is crazy and I am just not sure what is going on anymore. We are headed for a stinking large crash and it will be some scary times.

Deward

Fallanthas · Post by **Fallanthas** » May 30, 2003, 4:44 pm

I'm all for tax cuts. I'm also all for reigning in the idiocy that government spending has become.

I doubt this is any kind of a 'crash' scenario. The markets are already beginning to inch back upwards. Increased money flow in the markets = increased tax revenue.

Not saying this is going to fuel any kind of a rebound, other than perhaps in the very short term in retail markets.

Voronwë · Post by **Voronwë** » May 30, 2003, 6:10 pm

no analysts are saying this tax cut will pay for itself (ie stimulate enough growth to generate more tax revenue, to equal out).

if economic stimulus follows the tax cut(we are still barely above the levels when the markets opened after 9/11) as hoped, then it will 'cost' $150 billion instead of $350 billion.

regardless, government still is a place for corporations and special interests to come and cash in at the little guy's expense in my opinion. And at some point, we are going to get fucked by having to pay for it.

The whole $44 trillion number is kind of imaginary, because instead of the government trying to pay that amount, they'll just cancel SS and Medicare benefits for people. That solves that problem. And leaves us to pay more for our parents' health care than we had anticipated. Should be fun.

Metanis · Post by **Metanis** » May 30, 2003, 7:40 pm

This is from a column George Will wrote today...

Even when tax cuts are not stimulative, they are justified as the most effective restraint on government spending. Today's Democratic presidential candidates are proposing universal health care and increased spending on school construction, teachers' pay, national service programs, medical research, energy research, infrastructure and on and on and on. They can either avoid the subject of how they plan to pay for all this, or they can promise tax increases--repeals and sunsets of all the Bush tax cuts--totaling about $2 trillion over 10 years.

Thus has Bush used tax cuts to prepare the terrain for what he can call the $2 trillion election.

The tax cuts are 100% politics. Savvy politics IMHO. There will be inexorable creep back toward cradle-to-grave socialism, but GW has slowed the pace. I think that's good.

Fairweather Pure · Post by **Fairweather Pure** » June 2, 2003, 9:41 am

I'm also all for reigning in the idiocy that government spending has become.

Me too. My first cut? Corporate welfare.

Kilmoll the Sexy · Post by **Kilmoll the Sexy** » June 2, 2003, 10:46 am

My first cut? Foreign aid. If you cut corporate benefits, then businesses can suffer. When businesses suffer, the economy suffers. What does it benefit us to aid the 3rd world countries that have no buying power? It is kind of cold hearted, but we need to think of the people here and reign in the ridiculous amount of money going out of country.

Fairweather Pure · Post by **Fairweather Pure** » June 2, 2003, 10:51 am

Giving hundred million dollar tax cuts to companies posting record profits is just fucking retarded. I would rather help a foriegn country than help the rich get richer. /shrug