How Tea Party tax cuts are turning Kansas into a smoking ruin

[dbphoenix]

So keynesians like krugman never said we have to spend more to eliminate the deficit? Tax cuts and spending increases are just two sides of the same keynesian coin.

Depends on what you mean by "spending". If you mean crapping it away, then spending is ineffectual at best and deleterious at worst. But spending to some purpose, such as repairing/rebuilding infrastructure, which would put people to work, which would increase incomes, which would take people off welfare rolls, which would increase the tax rolls, would be beneficial.

Since you're logged on, you clearly know how to use the internet. There's tons of information on this available to anyone who has an open mind.

 

[gwb-trading]

I'm somewhat familiar with the situation in NC, and i couldn't disagree more with gwb's harsh assessment.

He is correct that corrupt democrats ran the state like some southern version on Newe Jersey, which is ironic since some many refugees from NJ have moved there. It had the highest taxes in the south, and was ground zero of the mexican invasion, thanks to low wage jobs provided in glamorous sectors like chicken processing and hog farming. I strongly suspect any school overcrowding is a direct result of this hispanic influx. Blaiming republican legislators fo rit is like blaming Bush for the obama economy.

What really has upset the left in NC are a series of common sense steps taken by the legislature to get control of vote fraud and to prevent drive-by voting by temporary student populations. Following their standard script of sending out rent-a-mobs to generate publicity for the states' far left daily newspapers, the left has tried desperately to portray a state in the clutches of irrational extremists. In truth, the current legislator and governor reflect the views of most residents, particularly those who didn't move to NC in the past 45 minutes.

NC has been a deeply divided state for decades. It has a core of very conservative voters, and an offsetting block of minorities, state government workers and university liberals. Like the federal level, neither group is going to find the other's policies to be palatable.

Actually even 53% of the registered Democrats in the state support showing a picture ID for voting. Other portions of the changes in voting laws have generated controversy.

It is hard to state that the state legislature is taking a "a series of common sense steps" when even the Chamber of Commerce has urged Republicans to vote against them. Time to talk business... Let's talk about the elimination of the film tax credit in our state which turned the movie industry in Wilmington from a $1B industry to zero overnight. Let's talk how every large employer who committed moving manufacturing to our state has now told NC "No, thanks". Let's talk about how these employers pointed to the de-funding of the technical college and university system as one of the primary reasons for backing out. The fiasco list from a business perspective is endless. It is a complete disaster for a state which is working to be a high tech center based on IT, software, pharma, banking, and high-tech manufacturing jobs.

 

[Tsing Tao]

Say one has lost their job and has to go find another. If they run a "deficit", say put a haircut, new suit, and some interview coaching on their credit card, are they making a making a mistake?

Yes. They should have bought the new suit and brushed up on interview skills WHILE they were at their old job. Keeping one's marketability during the good times is akin to spending during the good times. Not waiting until the bad times come.

Should they focus entirely on cutting their spending to match their reduced income?

Yes.

 

[Tsing Tao]

Is this a Common Core math question?

Common core math question, and mother's response:

 

[Tsing Tao]

Depends on what you mean by "spending". If you mean crapping it away, then spending is ineffectual at best and deleterious at worst. But spending to some purpose, such as repairing/rebuilding infrastructure, which would put people to work, which would increase incomes, which would take people off welfare rolls, which would increase the tax rolls, would be beneficial.

Except that government does not efficiently spend anything. In fact, the government can't create anything. All it can do is reallocate.

 

[Max E.]

Say one has lost their job and has to go find another. If they run a "deficit", say put a haircut, new suit, and some interview coaching on their credit card, are they making a making a mistake? Should they focus entirely on cutting their spending to match their reduced income?

Tsing already hit the nail on the head, that this was something the person should have prepared for in advance, during the good times, but another thing is that the concept you presented is ridiculous as it pertains to government. In the concept you presented, the person is investing to gain future revenues, the government doesnt exactly have a succesfull track record of investing in things that generate future revenues, infact for the most part all government "investments" do is create even more, and even greater future liabilities.

 

[Ricter]

Tsing already hit the nail on the head, that this was something the person should have prepared for in advance, during the good times, but another thing is that the concept you presented is ridiculous as it pertains to government. In the concept you presented, the person is investing to gain future revenues, the government doesnt exactly have a succesfull track record of investing in things that generate future revenues, infact for the most part all government "investments" do is create even more, and even greater future liabilities.

If government does this, then it has to carry a surplus. Therefore, "taxes are too high!"

We've been running a defiicit for centuries. The argument from Pure Rationality is stupid.

 

[Lucrum]

Actually even 53% of the registered Democrats in the state support showing a picture ID for voting....

 

[Tsing Tao]

If government does this, then it has to carry a surplus. Therefore, "taxes are too high!"

We've been running a defiicit for centuries. The argument from Pure Rationality is stupid.

Taxes can be too high and the government can be running a deficit. The two are not mutually exclusive.

 

[Ricter]

Taxes can be too high and the government can be running a deficit. The two are not mutually exclusive.

If taxes are too low, and spending is just right, then government will be running a deficit.