Category Archives: President George W. Bush

Media Myth That Cutting Taxes Boosts Revenue Revived For 2012

Media Matters has a terrific post about the myth that tax cuts generate revenues and that bigger tax cuts generate larger revenues.

Media Matters shows how these claims are debunked by not only by those on the Left, like Paul Krugman but also by those on the Right, who actually proposed the claim and sold it to Ronald Reagan and George w. Bush.

Martin Feldstein, a Harvard economist who was the first chairman of President Reagan’s Council of Economic Advisers estimated that a 10 percent tax cut would in fact reduce tax revenue — but only by 3 to 5 percent.

“It is not that you get more revenue by lowering tax rates, it is that you don’t lose as much,” he said. [The New York Times, 3/26/08]


Read … Here

This post I think ties in nicely with the last post from NJPP about what our tax dollars actually pay for.

Leave a comment

Filed under Martin Feldstein, Media Matters, media myth, New Jersey Policy Perspective, Paul Krugman, President George W. Bush, Ronald Reagan, supply side economics, tax cuts, tax revenues

Lautenberg Stands Up for Everyday Families, Opposes Unfair Budget Deal

Tuesday, August 02, 2011

WASHINGTON, D.C. – U.S. Sen. Frank R. Lautenberg (D-NJ) issued the following statement after voting against a deficit reduction deal that will cut trillions in funding for critical domestic programs:

“This legislation was a shakedown, not a compromise. Tea Party Republicans held our country hostage until their ideological demands were met, with little regard for what it will mean for the average American family. Our debt ceiling had to be raised – as was done 18 times under President Reagan and seven times under President George W. Bush – but it shouldn’t be done in a way that diminishes access to education and health care, a cleaner environment, or homeland security. Our country’s financial future must include a balanced approach of shared sacrifice; taking trillions from programs that help our children, seniors, and middle class, while asking for nothing more from the wealthy or corporations raking in record profits, is not the picture of a fair and democratic society. We must continue to work to reduce our deficits, but countries, like buildings, cannot be built from the top down without injuring the hope and morale of their people and destabilizing the strength of their foundations.”

Leave a comment

Filed under Budget Control Act, debt ceiling, President George W. Bush, Seniors, shared sacrifice, Social Security, spending cuts, Tea Party, US. Sen. Frank Lautenberg

>Right-Wing Blogosphere Downplays Conservative Judge’s Opinion Upholding Health Care Reform Law

>

If government can mandate auto insurance, homeowners insurance, flood insurance….Then it only makes sense that government can mandate health insurance. I believe that the Sixth Circuit Court and Judge Jeffery Sutton got it right.

From MediaMatters.org
July 01, 2011

After the U.S. Court of Appeals for the Sixth Circuit upheld the constitutionality of the individual mandate provision of the Affordable Care Act, many right-wing bloggers criticized the decision or downplayed its significance. But one of the judges who voted to uphold the statute was Jeffrey Sutton, an appointee of President George W. Bush who was such a proponent of states’ rights during his legal career that he once proclaimed that he became involved in states’ rights issues because “I really believe in this federalism stuff.”

By A 2-1 Vote, The Sixth Circuit Upholds The Constitutionality Of The Individual Mandate. In Thomas More Law Center v. Obama, the Sixth Circuit held by a vote of 2 to 1 that the provision of the Affordable Care Act mandating that individuals purchase health insurance does not violate the Constitution. The majority consisted of Sixth Circuit judges Boyce Martin and Jeffrey Sutton. District Judge James Graham, acting as a Sixth Circuit judge in this case, dissented. [Thomas More Law Center v. Obama, 6/29/11]


Read more HERE

Leave a comment

Filed under health care reform, Judge Jeffery Sutton, Media Matters, President George W. Bush, Right-wing bloggers, sixth circuit court, The Affordable Care Act, Thomas More Law Center v. Obama

>Friday Funnies: Jimmy Kimmel’s "The President’s Speech"

>If you’ve seen the Oscar winning best film “The King’s Speech” you won’t want to miss this, Jimmy Kimmel had a hilarious send up of the movie back in February just before the Academy Awards.

Leave a comment

Filed under academy awards, Friday Funnies, Jimmy Kimmel, Mike Tyson, President George W. Bush, The King's Speech

>Friday Morning Funnies: President Bush Reacts to Osama Bin Laden’s Death with Will Ferrell

> Funnyordie.com

Barack Obama sent Navy Seal Team 6 to take out Osama Bin Laden in Abbottabad and made a statement confirming it on Sunday night. Former President George W. Bush finally responds to who and what has been terrorizing him for years.

http://player.ordienetworks.com/flash/fodplayer.swf

2 Comments

Filed under Dallas Texas, death of bin Laden, Funny or Die.com, Osama bin Laden, President George W. Bush, President Obama, Will Ferrel