Comments on: Overstimulated http://www.newclarion.com/2009/01/stimulus-packages-are-not-the-answer/ Our mission is to combat the unreason and selflessness that are sweeping our culture from the nihilist left to the religious right, and to sound a new ideal of capitalism and individual rights in American politics. Mon, 06 Feb 2012 03:04:42 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Bill Brown http://www.newclarion.com/2009/01/stimulus-packages-are-not-the-answer/#comment-301 Bill Brown Tue, 06 Jan 2009 19:11:47 +0000 http://www.newclarion.com/?p=337#comment-301 Russ Roberts <a href="http://cafehayek.typepad.com/hayek/2009/01/when-a-tax-cut.html" rel="nofollow">makes an excellent point</a> that these "tax cuts" aren't really tax cuts because there's no accompanying spending cut. It's just shifting the burden from taxpayers today to taxpayers tomorrow. And Willem Buiter <a href="http://blogs.ft.com/maverecon/2009/01/can-the-us-economy-afford-a-keynesian-stimulus/" rel="nofollow">notes</a> that there's an implicit (and incorrect) assumption that government borrowing can continue apace forever. If the federal government isn't taxing and can't borrow, then it has to run the printing presses. Russ Roberts makes an excellent point that these “tax cuts” aren’t really tax cuts because there’s no accompanying spending cut. It’s just shifting the burden from taxpayers today to taxpayers tomorrow.

And Willem Buiter notes that there’s an implicit (and incorrect) assumption that government borrowing can continue apace forever. If the federal government isn’t taxing and can’t borrow, then it has to run the printing presses.

]]> By: L-C http://www.newclarion.com/2009/01/stimulus-packages-are-not-the-answer/#comment-300 L-C Tue, 06 Jan 2009 13:33:23 +0000 http://www.newclarion.com/?p=337#comment-300 He meant to say blue tape, the ribbon of silk armor protecting our remaining rights. He meant to say blue tape, the ribbon of silk armor protecting our remaining rights.

]]> By: Chuck http://www.newclarion.com/2009/01/stimulus-packages-are-not-the-answer/#comment-298 Chuck Tue, 06 Jan 2009 02:31:32 +0000 http://www.newclarion.com/?p=337#comment-298 "To save not only jobs, but money and lives, we will update and computerize our health care system to cut red tape, prevent medical mistakes, and help reduce health care costs by billions of dollars each year. " Really? He wants to cut red tape? Let me whisper a secret in your ear, Mr. Obama. The way to cut red tape is to get the government out of the economy, not further into it. “To save not only jobs, but money and lives, we will update and computerize our health care system to cut red tape, prevent medical mistakes, and help reduce health care costs by billions of dollars each year. ”

Really? He wants to cut red tape? Let me whisper a secret in your ear, Mr. Obama. The way to cut red tape is to get the government out of the economy, not further into it.

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