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Edited on Thu May-11-06 10:13 AM by kentuck
Listening to Sen. Chuck Grassley on C-SPAN this morning only convinces me further that the conservative movement, as we have known it since Reagan, is in its death throes. They continue to deny reality because it is in conflict with their political ideology.
At the top of every conservative agenda is the idea that taxes cannot be cut "too much". The problem is never with revenues needed for government to function, the problem with "conservatives" is that spending is always too high. If we can just cut more programs, then we will be vindicated in our philosophy, they tell themselves and everyone that will listen.
However, their conservative beliefs have run head-on into reality and the facts. Senator Grassley was bragging about how great the economy was doing and how cutting taxes had increased revenues by over 200 billion last year. What he didn't say was that the deficit was still about $400 billion even with the increase in revenues. Deficits are a tax on all Americans. There is no free lunch, as the conservatives would have us believe.
Three trillion dollars more in debt since 2001. That is the legacy of the conservative movement. Their philosophy and ideology has failed miserably and dramatically. We are only waiting for the other shoe to drop - and it will. And when it happens, they will try to blame the "other" Party, but they have set us up for a big fall.
Reagan tried the same "trickle-down" economics in 1981 and it only took him a couple of years to realize that revenues would need to be increased with some taxes. We cannot operate our government on deficit spending alone. By the end of Bush Sr's term in office, the deficits had increased to over $290 billion per year and the economy had stagnated. In reality, that is what gave birth to the Perot movement and some would argue, permitted Bill Clinton to win the White House.
But Bush Jr and the present so-called "conservatives" never learned the lesson of the 1980's, so they decide to try the conservative economic plan once again, this time with a vengeance. As the election approaches, they preach about the great economy, but they put their hands behind their backs and cross their fingers...
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