Budget-wise, Republicans are starting to sound like Democrats

Discussion in 'Politics, Religion, Social Issues' started by Thomas Veil, Mar 29, 2006.

  1. Thomas Veil macrumors 68020

    Thomas Veil

    Feb 14, 2004
    What's wrong with the following paragraph?

    Answer: the "R" in the phrase "Rep. Mike Castle, R-Del." Sounds exactly like something a so-called "tax-and-spend" Democrat would say.

    And yet, that's where we are today: the neocons (motto: "The only good tax is a dead tax") are cutting so much that even traditional Republicans are starting to embrace the wisdom of judicious social spending.

    For context, here's a bigger part of the article:

  2. OnceUGoMac macrumors 6502a


    Mar 3, 2004
    I think this is because the GOP have their own programs that will get cut. The Dems controlled Congress for 50 years, so they got the labeled "big spenders" by the GOP. Now that the GOP has controlled Congress long enough to have their programs cured, the shoe is on the other foot.
  3. Thanatoast macrumors 6502a


    Dec 3, 2002
    Is the obvious fix too obvious? How many hundreds of billions would we save/raise annually if we got out of Iraq and let Bush's tax cuts for the rich expire? Would it really be so hard to not occupy a country and put taxes back the way they were during the prosperous Clinton years?
  4. Thomas Veil thread starter macrumors 68020

    Thomas Veil

    Feb 14, 2004
    Psst. One of the ways Clinton balanced the budget was by raising taxes on the wealthiest. There are some things you just do not do.
  5. solvs macrumors 603


    Jun 25, 2002
    LaLaLand, CA
    I think that most people are ok with taxes (not happy, but ok) as long as they are doing something. When the deficit is going wildly out of control and programs are still being cut, the smallest tax will feel like a waste. Raise taxes like Bush Sr. did to pay for Reagan's spending, and it's even more of a slap in the face. On the plus side, if anyone complains about tax increases from the Dems in '08, they can just blame everything on Bush like he tried to do with Clinton. :D
  6. Desertrat macrumors newbie

    Jul 4, 2003
    Terlingua, Texas
    Approximate quote: "Democracy works until the populace discovers it can vote itself largesse from the public coffers." The earliest attribution I've run across for that is 1797.

    We've been voting for that largesse since before I was born, and it's accelerated since the 1930s.

    It'll be interesting to see the side effects of any significant tax increases on income. We know as fact that if taxes on capital gains are raised, sales decline and less tax is collected--people just won't sell. Given how people now, even in higher brackets, live from pay check to pay check, it'll be interesting to see what an additional burden on those billfolds will be. Might be a bunch of repo houses on the market--which is rough on homebuilders' workers.

    But since some 30% of the workforce for homebuilders are illegals, that might one way to reduce the numbers.

    And so it goes...

  7. Ugg macrumors 68000


    Apr 7, 2003
    For one thing, it would mean less speculation in the stock market, and that would definitely be a good thing. The dot com bust was pretty clear proof that speculation is bad for the economy.

    It could also lead to less transiency as people might be less likely to be constantly on the move. One of the biggest problems with community stability is the lack of permanence of a large portion of society.

    There's a lot of speculative home building going on and it's way more than is justified in terms of population increases. Once again, it might be a way to help smooth out swings in the market. That's a moot point anyway at this point in time due to interest rate increases. The housing market in CA looks set for a correction as home sales have plummeted over the last few months. A lot of speculators are going to lose their shorts.

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