Monthly Archives: April 2017

Monster snowstorm in Colorado forces postponement of climate change & global warming rally

A mid-spring snowstorm in Colorado over the weekend postponed a rally that sought to bring attention “climate change” and “global warming,” as well as protest…

Posted in Conservative thoughts

Trump’s tax plan is a Laffer

Long before it mastered the mass production of “fake news,” the Republican Party propagated its Ur-lie that “tax cuts pay for themselves.” Almost from the moment that Arthur Laffer first sketched his now-famous curve on a napkin in 1974, right-wing pundits, politicians, and propagandists have declared as an article of faith the belief that tax cuts incentivize so much economic growth that revenues to Uncle Sam will be at least as high as they would have been without the reduction in rates.

Unfortunately for the American people, four decades of supply-side snake oil have produced only mushrooming national debt and record-high income inequality. Far from paying for themselves, the Reagan and Bush tax cuts delivered a windfall only for the wealthy while unleashing oceans of red ink from the United States Treasury. (Of course, the other objective of draining Washington’s coffers in order to add to the bulging bank accounts of the rich was to get government “down to the size where we can drown it in the bathtub.”) It’s no wonder that by 2015 even Keith Hall, the man hand-picked by the Republican majority on Capitol Hill to head the nonpartisan Congressional Budget Office (CBO), acknowledged the obvious:

“No, the evidence is that tax cuts do not pay for themselves. And our models that we’re doing, our macroeconomic effects, show that.”

Nevertheless, this week Treasury Secretary Steve Mnuchin unveiled the Trump administration’s tax plan by proclaiming the fiscal equivalent of saying the sun rises in the west and sets in the east. Six days after first announcing “the plan will pay for itself with growth,” Mnuchin told the White House press corps:

“This will pay for itself with growth and with the reduction of different deductions and closing loopholes.”

In reality, it won’t even be close.

Posted in Liberal Thoughts, taxes

Could Steve Bannon be the next president of the Heritage Foundation? Rumors are flying.

In what has become a chaotic few days for the Heritage Foundation, perhaps the most influential conservative policy center in America, rumors are now spreading…

Posted in Conservative thoughts, Politics

10 Things to Know for Monday

Posted in Politics

12 killed by storms and flooding in South and Midwest

Posted in Politics

Watch: Michelle Malkin crushes liberals’ White House Correspondents’ Dinner with epic takedown

On Saturday evening, President Donald Trump held a large rally in Harrisburg, Pennsylvania, instead of attending the White House Correspondents’ Dinner, an annual event that…

Posted in Conservative thoughts

Biden tells New Hampshire crowd: ‘Guys, I’m not running’

Posted in Politics

The Latest: Child dies from electric shock in floodwater

Posted in Politics

N. Korea missile fears in Japan: ‘Whatever will be, will be’

Posted in Politics

Small earthquake hits Alaska peninsula; no damage reported

Posted in Politics