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Tax cuts are not a great stimulus. The multiplier effect is low. A great deal from a liberal perspective would be a system in which higher education for quali

Tax cuts are not a great stimulus. The multiplier effect is low. A great deal from a liberal perspective would be a system in which higher education for qualified people has minimal cost, a system in which everyone has access to decent medical care, a system which invests in the future with infrastructure, scientific research, etc. These things cost money and lowering government revenue without corresponding cuts adds to the deficit in a way that has a low multiplier effect. Tax rates are quite low right now. Deficit spending is a tax, it's just a delayed tax. The moral thing to do with our present deficit spending is to spend in programs that will enhance the country. The tax cuts don't do this.

TomOfTTB 16y ago
I'm sorry but you're arguing a political opinion as if it were fact and not offering anything to justify your argument. A good half the country believes that tax cuts ARE a great stimulus and you could get conservative economists to give you Ronald Reagan based examples until you're blue in the face. (Please note I'm not even on the conservative side here. I think the tax cuts should have expired. But I can see both sides of the argument)
- yequalsx 16y ago
  One can get a higher multiplier effect from other types of programs than from tax cuts. You can look this up. The rest of what I said was an opinion because it was in response to the Krauthammer article that said that liberals should be happy with what Obama has done. I'm a liberal and I'm not happy and I stated why.
  - yummyfajitas 16y ago
    You can look this up. And when you do, you'll discover various activists with an agenda pushing speculation and prediction backed by gigantic statistical formulae. And this is even taking the neo-Keynesian picture of the economy as a proven truth (as opposed to a wildly oversimplified model based on assumptions known to be false). (Note: not trying to imply that any other macroeconomic prediction models are much better.)
- LargeWu 16y ago
  A quarter of the country also believes Obama is not a US citizen. Whether the general public believes something or not has does not make it true or untrue.
- Daishiman 16y ago
  Reagan economics began the massive inflation of the US public debt and the decline of real wages for the middle class. The opionions of the public are extremely misinformed.

TomOfTTB 16y ago

I'm sorry but you're arguing a political opinion as if it were fact and not offering anything to justify your argument. A good half the country believes that tax cuts ARE a great stimulus and you could get conservative economists to give you Ronald Reagan based examples until you're blue in the face. (Please note I'm not even on the conservative side here. I think the tax cuts should have expired. But I can see both sides of the argument)

yequalsx 16y ago
One can get a higher multiplier effect from other types of programs than from tax cuts. You can look this up. The rest of what I said was an opinion because it was in response to the Krauthammer article that said that liberals should be happy with what Obama has done. I'm a liberal and I'm not happy and I stated why.
- yummyfajitas 16y ago
  You can look this up. And when you do, you'll discover various activists with an agenda pushing speculation and prediction backed by gigantic statistical formulae. And this is even taking the neo-Keynesian picture of the economy as a proven truth (as opposed to a wildly oversimplified model based on assumptions known to be false). (Note: not trying to imply that any other macroeconomic prediction models are much better.)
LargeWu 16y ago
A quarter of the country also believes Obama is not a US citizen. Whether the general public believes something or not has does not make it true or untrue.
Daishiman 16y ago
Reagan economics began the massive inflation of the US public debt and the decline of real wages for the middle class. The opionions of the public are extremely misinformed.