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Correction, please!
Spending Trumps Tax Cuts
ITEM: Allan Sloan of Newsweek chided President Bush for using "phallic" imagery by demanding a "robust" tax cut instead of a "little bitty" one. "Call me naive," Sloan wrote in the May 5th issue, "but it seems to me that we should be discussing ideas on their merits, not the relative size of people's, ahem, policies. After all, the stakes are incredibly high for our children and grandchildren, who will be stuck with the tab for these cuts."
CORRECTION: Even when one sets aside the prissy metaphors, Sloan's argument is weak. Taxpayers are not stuck with a tab for money they manage to keep, but for what the government takes from them and spends. Yet there is little serious discussion about cutting spending in the overall sense. Only by cutting spending can the government's burden on the economy be reduced.
Even when Congress makes some tax cuts with one hand, it typically increases spending with the other hand. Yet, as a recent Congressional Budget Office study shows, the way to maximize the positive effects of tax cutting is to restrain the negative effects of federal spending.
Congress continues to do what it does best: spend other people's money. For this fiscal year's first six months, spending on non-defense programs increased by a hefty 5.7 percent over the same period last year.
A Little More Extortion?
ITEM: Thomas Oliphant of the Boston Globe called for a U.S. policy with North Korea reflecting "clarity and consistency" "No serious person," he contended on April 29th, "advocates acceptance of North ...
- Bosnia, North Korea, Russia problems nothing news, White House aides say....
- Newspaper article from: Knight Ridder/Tribune News Service Rankin, Robert A. December 18, 1994 700+ words
...Clinton hoped to concentrate on tax cuts and Christmas this week...shooting at the White House. North Korea's shootdown of a U.S...House aides insist. Bosnia, North Korea and even Russia are always...to. The same is true with North Korea ... This is sort of a spike...
- For Free, Clinton Offers Views on Iraq, North Korea, Tax Cut.
- Newspaper article from: Knight Ridder/Tribune Business News February 13, 2003 700+ words
...Iraq and food and economic aid for North Korea to avert war and strengthen U.S...statement and that was against further tax cuts. Mr. Clinton waived his fee to...partnerships," he said. He also likened North Korea to a troublesome, disrespected child...
- EDITORIAL: U.S. policy off-target in North Korea.(Editorial)
- Newspaper article from: Record (Stockton, CA) July 9, 2006 700+ words
...increasing threat from North Korea and highlight several...The key to controlling North Korea is for the United States...with several massive tax cuts, have turned what was...recent diplomacy toward North Korea and Iran has been far...
- If I were president: George W. Bush's policies toward North Korea and Iraq are...
- Magazine article from: Foreign Policy March 1, 2003 700+ words
...stubbornly clings to permanent tax cuts that will benefit mainly the...countries such as Iraq and North Korea abide by their international...muddled response to the recent North Korea crisis. But the threat from...much bigger than Iraq and North Korea. To prevent future ...
- Clinton Says U.S. Needs Allies on Iraq; North Korea Bigger Threat, He Warns.
- Newspaper article from: Knight Ridder/Tribune Business News February 14, 2003 700+ words
...and attacked his successor's call for tax cuts. Clinton endorsed the Bush administration...administration's priorities, saying North Korea, not Iraq, poses the "biggest short...150 nuclear weapons by now." He said North Korea's desperate economic straits make it...
- Bush defends tax cuts.
- News wire article from: PTI - The Press Trust of India Ltd. March 4, 2004 700+ words
...November, US President George W Bush has claimed that his tax cuts will bring back prosperity and blamed the Democrats for the...are testing our will in Afghanistan and Iraq. Regimes of North Korea and Iran are challenging the peace. If America shows weakness...
- Bush presses case for war with Iraq, promotes tax cuts.
- Newspaper article from: Chicago Tribune (Chicago, IL) January 29, 2003 700+ words
...an ambitious domestic agenda that includes $674 billion in tax cuts, an overhaul of the Medicare system, funding for research...he was inconsistent in dealing with members of it: Iraq, North Korea and Iran. The president did talk about each of those nations...
- North Korea defends pursuit of nuclear weapons.(Knight Ridder Newspapers)
- Newspaper article from: Knight Ridder/Tribune News Service Dorgan, Michael September 1, 2003 700+ words
Byline: Michael Dorgan BEIJING _ North Korea on Monday derided U.S. demands that...said in a commentary, according to North Korea's official KCNA news agency. "Unless...Republic of Korea. In a separate blast, North Korea's Foreign Ministry made fun of U...
Source: HighBeam Research, Correction, please!