“It is useless to attempt to reason a man out of a thing he was never reasoned into”

Jonathan Swift
"The Democrats have moved to the right, and the right has moved into a mental hospital." - Bill Maher
"The city is crowded my friends are away and I'm on my own
It's too hot to handle so I gotta get up and go

It's a cruel ... cruel summer"

Monday, February 16, 2009

Couldn't have said it better myself

Begala points out that S. Carolina already gets more back from federal spending than it pays in taxes. So I say let's let Governor Sanford's state off the hook completely. They don't have to pay any federal taxes but don't get any federal money either. Nothing...not from the stimulus package and not from current programs. We'll save a lot of cash.

There you go Sanford...happy now?

You might also notice that Begala rightly points out that Sanford made no new suggestions on how to solve the crisis, just the same old Republican stuff that got us where we are today. I'll go ahead and paste in Sanford's solutions (from Begala's article) for the crisis...see if they don't look familiar.

"... cutting the payroll tax, opening foreign markets through an expansion of our trade agreements, and reducing our corporate tax, which is among the highest worldwide."

It's the same, pump up supply side, economic policy that has put us in a situation where we're swimming in supply and no one can buy anything. I'm not an economist but come on, you can't keep building supply when there is no demand.

Republican solutions according to Sanford

Cutting payroll tax -- Why so these guys can make more product and remodel their offices?

Open Foreign markets -- I'd say they're pretty well open now...especially where our manufacturing jobs are concerned.

Expand Trade Agreements -- Do you think we can build cheaper products than countries where they have slave labor...duh I don't think so.

Reduce Corporate Tax -- See "cutting Payroll Tax" except add golden parachutes.

It's the highest in the world -- Yeah but we also have the highest salaries in the world, by far -- think other things factor into our corporate tax rate? -- think corporate tax lawyers haven't got about a million other loopholes they can jump through to avoid paying taxes-- Haven't seen the statistics showing the number of corporations that pay nothing in taxes? -- think it might just be another way for greedy business jerks to rip taxpayers off?