Showing posts with label Fred_Thompson. Show all posts
Showing posts with label Fred_Thompson. Show all posts

Friday, October 5, 2007

Pols at Americans For Prosperity - Missing the Point

Former Mayor Rudy Giuliani was truly leading the pack at the Americans For Prosperity event, claiming "extravagant spending" was the reason for GOP Congressional losses in 2006. Of course, overspending is a domestic issue - and never takes into account the $456 BILLION in supplemental expenditures (not including DoD annual budget requests) on the Iraq war. Never mind that Sen. Ted Stevens' "Bridge To Nowhere" or Sen. Clinton's "Bribes for Babies" is just a drop in the bucket comparatively.

It seems that the GOP candidates (save Ron Paul) are returning to the old school GOP strategy of attacking any kind of liberal domestic program or expenditure as excessive. The only problem is that we weren't dumping hundreds of billions of dollars in the sand in the 1980s and 1990s (even during Gulf War I). The party faithful will eat up the nostalgic rhetoric like twentysomethings over Transformers - but those who look at the math will find their rhetoric ringing hollow.

The strangest thing was the ghost of the Laffer Curve haunting the conference. The article indicates Giuliani, Romney, and Thompson all made references to it - although Giuliani stands out again by stressing the revenue benefits of the theory vs. the benefit to the taxpayer. It's funny, all this "self-condemnation" over spending - yet few calls to simply cut spending across the board (again, save Ron Paul).

This "bring back the good 'ol days of the GOP" is nothing but cotton candy laced with LSD. The reality is that you can't create a credible image that is equal parts George W. Bush and Ronald Reagan.

Wednesday, October 3, 2007

Tax Cuts Mean Nothing During The GWOT

Fred Thompson doesn't talk a good game. He supports Bush on the war (like every other GOP candidate save Rep. Ron Paul), yet he is for limited government and decreasing government spending. Frankly, those two views are mathematically incompatible.

Some have seen this chart, but many have not.



The numbers are old - but the proportions are similar. Half of the Federal Budget, what you and I pay taxes into, is spent by the military. This doesn't include additional expenditures requested by the administration to go into Iraqi and Afghan missions. You can't cut a program here and an entitlement there and claim you have reduced the size of government. Nor will tax cuts make much difference in the economy when we are burying billions in the sand on the other side of the world.

You are either with GWB and the Global War on Terror, or you are for limited federal spending. You can't be both.