'Stupid' Fits
Excerpts from editorial by E. J. Dionne Jr. in the Washington Post
washingtonpost.com
Fiscal Policy: Why 'Stupid' Fits
By E. J. Dionne Jr.Friday, September 23, 2005; A23
And it's hard to give the fiscal conservatives too much credit, since they would cut $80 billion from Medicare and $50 billion from Medicaid over five years and suggest reductions in school lunches, rent subsidies for the poor and foreign aid, among other things. The idea seems to be that to help Katrina's poor and suffering victims, other poor and suffering people will have to sacrifice.
Here's a fact getting far too little attention: The cost this year alone of the Bush tax cuts enacted in 2001 and 2003 comes to $225 billion. In other words, the revenue lost because of tax cuts going through this year without any congressional action would more than pay the costs of Katrina recovery.
I'd have much more respect for these guys if they just came out and said: "Look, we love deficit spending. That's why we waged wars in Iraq and Afghanistan and cut taxes at the same time. It's why we'll talk about offsets for Katrina and Rita but never enact them, except maybe a few cuts in programs for the poor. All we really care about are passing tax cuts -- and popular spending programs that get us reelected so we can enact more tax cuts."
According to Ron Suskind's book "The Price of Loyalty," Cheney referred to the former president in insisting to his administration colleagues that "Reagan proved deficits don't matter" and that Republicans owed themselves more tax cuts. "We won the midterms," Cheney said. "This is our due."
Which brings us back to that word "stupid." My dictionary tells me it means not only "lacking in ordinary intelligence" but also "dazed" and "stupefied." The crowd running our government is dazed and stupefied by a theory that sees throwing ever-larger sums to the wealthy in the form of tax cuts as so good, right and important that all the ordinary rules of finance and economics can be thrown out the window. If it was already stupid to pursue more tax cuts once the country decided to wage a large war on terrorism, it is supremely stupid to stay on the same course now that Katrina has added to our fiscal burdens and Rita, God help us, threatens to add more.
Or maybe it's the rest of us who should be called stupid if we keep taking these guys at their word. Are we all so dazed that we'll keep believing them even after a hurricane has blown away their alibis?
© 2005 The Washington Post Company
Full Text of Editorial
washingtonpost.com
Fiscal Policy: Why 'Stupid' Fits
By E. J. Dionne Jr.Friday, September 23, 2005; A23
And it's hard to give the fiscal conservatives too much credit, since they would cut $80 billion from Medicare and $50 billion from Medicaid over five years and suggest reductions in school lunches, rent subsidies for the poor and foreign aid, among other things. The idea seems to be that to help Katrina's poor and suffering victims, other poor and suffering people will have to sacrifice.
Here's a fact getting far too little attention: The cost this year alone of the Bush tax cuts enacted in 2001 and 2003 comes to $225 billion. In other words, the revenue lost because of tax cuts going through this year without any congressional action would more than pay the costs of Katrina recovery.
I'd have much more respect for these guys if they just came out and said: "Look, we love deficit spending. That's why we waged wars in Iraq and Afghanistan and cut taxes at the same time. It's why we'll talk about offsets for Katrina and Rita but never enact them, except maybe a few cuts in programs for the poor. All we really care about are passing tax cuts -- and popular spending programs that get us reelected so we can enact more tax cuts."
According to Ron Suskind's book "The Price of Loyalty," Cheney referred to the former president in insisting to his administration colleagues that "Reagan proved deficits don't matter" and that Republicans owed themselves more tax cuts. "We won the midterms," Cheney said. "This is our due."
Which brings us back to that word "stupid." My dictionary tells me it means not only "lacking in ordinary intelligence" but also "dazed" and "stupefied." The crowd running our government is dazed and stupefied by a theory that sees throwing ever-larger sums to the wealthy in the form of tax cuts as so good, right and important that all the ordinary rules of finance and economics can be thrown out the window. If it was already stupid to pursue more tax cuts once the country decided to wage a large war on terrorism, it is supremely stupid to stay on the same course now that Katrina has added to our fiscal burdens and Rita, God help us, threatens to add more.
Or maybe it's the rest of us who should be called stupid if we keep taking these guys at their word. Are we all so dazed that we'll keep believing them even after a hurricane has blown away their alibis?
© 2005 The Washington Post Company
Full Text of Editorial
posted by FancyRage at 3:51 PM
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