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Jewish World Review
Feb. 1, 2010/ 18 Shevat 5770
Liberal Economic Illiteracy
When it comes to economic policy, there's stupid, breathtakingly stupid and liberalism. Thursday, in another mind-numbing display of ideology-driven stupidity, Senate Democrats passed new budget rules only a liberal could believe will make it harder to run up the deficit: they will make it as difficult as possible to extend the current tax cuts, or enact new ones.
This is precisely what happens to people suffused with an ideologically-inflamed sense of superiority. They truly believe that both common sense and historical evidence are irrelevant considerations with respect to economics.
For example, it doesn't matter one iota that there have been three major tax cuts initiated by three different presidents since the 1960s and every one of them resulted in increased revenue flowing into federal coffers. It doesn't even matter that the largest one was passed, not by a Republican president, but by Democrat John Fitzgerald Kennedy.
Here's what one of the American left's most cherished icons had to say about the subject:
"Lower rates of taxation will stimulate economic activity and so raise the levels of personal and corporate income as to yield within a few years an increased-not a reduced-flow of revenues to the federal government."
Anyone seriously believe JFK wouldn't be drummed out of the current Democrat party for spouting such "heresy?"
Liberals would like the public to believe they can't make a connection this simple: Americans who have more of their own money to spend actually spend it. This produces more economic activity. More economic activity produces greater amounts of taxable income. Greater amounts of taxable income produce greater amounts of revenue for the government. Greater amounts of revenue for the government more than offset revenue lost from the original tax cuts.
Game, set, match.
What a lot of Americans don't know is that liberals can indeed make the connection, but they resist it for one simple reason: more private sector success equals less need for government. Less need for government equals less power for big-government liberals. Less power for big-government liberals with monstrous, "we know what's better for you than you do" egos equals an unacceptable trade off.
Game, set, match and screw the country.
In other words, this is a naked power grab courtesy of a Democratically-controlled Congress which has spent every dime we've sent them plus trillions more in deficit spending. Liberals love to characterize such insanity as "taking care of the little guy" or instituting "social justice."
Absolutely nothing could be further from the truth. Ten percent of America is unemployed and these hacks actually think that makes it the perfect time to take even more of our hard-earned wages or in the case of far too many Americans, our savings and spend it on whatever suits their fancy.
Even more infuriatingly, the left's media lapdogs will tout this unconscionable heist as "Democrats getting serious about fiscal responsibility."
I've said it before to liberals and I'll say it again: keep it up, comrades. Keep it up until even the deepest Kool-aid drinkers recoil in disgust. Keep it up until those with no memory of the Carter years learn their own historical lessons firsthand. Experience is by far the best teacher, and when Americans get tired of experiencing high unemployment, exploding deficits and ever-greater losses of economic and personal freedom, you'll all be tossed under the bus.
It couldn't happen to a more deserving bunch of egotistical ideologues.
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