Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Lancey Howard
The rats need the GOP to abandon its most consistent and important core principle

And just what is that?

You cannot make a tax rate a principle. Tax rates are a dependent variable of spending.

The Republican tax "policy" has been corrupt since the Great Compromise of 1986, now on its last legs.

The notion that cutting taxes could cut spending, by "starving the beast", was plausible when Howard Jarvis and David Stockman were advocating for it, but that was 35 years ago. The theory has been proven false.

It's false because of the Reagan-O'Neill Compromise of 1986 - Republicans could cut taxes, Democrats could spend as much as they wanted, using bills of Credit and inflation to make up the difference.

Now we are at the end game of 1986. The dollar is ruined, the demand for "funding" has never been higher, and the peoples' willingness to "contribute" has never been lower.

And what is the Republican policy about all this? Is it "cut spending by $1.6 trillion immediately"? No, it is not.

Is it "taxation beyond the limits of the Constitution is theft"? No, it is not.

It's a pathetic loser whine to the effect that raising tax rates will hurt "the economy", as if they have done anything - ANYTHING - since 1986 to advance natural resource extraction, exploitation of those resources, invention, and manufacturing - the only important parts of any real "economy".

The GOP is a corpse, and it's time for a decent burial.

64 posted on 12/29/2012 9:40:20 AM PST by Jim Noble (Diseases desperate grown are by desperate appliance relieved, or not at all)
[ Post Reply | Private Reply | To 2 | View Replies ]


To: Jim Noble

I can’t disagree with anything you said.


66 posted on 12/29/2012 10:06:52 AM PST by Lancey Howard
[ Post Reply | Private Reply | To 64 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson