Axis of Right

Three Native Rhode Islanders Commenting From the Right on Politics and Anything Else

Archive for July 11th, 2006

Terrorist Attack in India

Posted by Mike on July 11, 2006

Islamic terrorists attacked India today by exploding a series of bombs on the public transportation system, murdering over 160 people in the process. President Bush condemned this attack and reiterated the need to present a united front against terrorism.

It is a shame that the world was once again reminded of the enemy we face. Unfortunately, some people need to be reminded of the stakes involved before leaking details of classified programs designed to combat this kind of savagery. It also needs to be remembered before certain liberals slander our troops who try to move heaven and earth to protect civilization. The defeat of this enemy is more important than any political party scoring points.

Today our prayers are with the victims in India.

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An Economics Lesson…Again

Posted by Ryan on July 11, 2006

Every 20 years or so, our liberal friends have to relearn the same lesson: cutting taxes actually increases revenue to the federal government. Bush schooled them again today.

However, the deficit still exists– we are fighting a war on three fronts (Afghanistan, Iraq, and through clandestine and more direct intelligence gathering/sharing worldwide), dealing with inflationary pressure due to the price of oil, recovering from a dozen hurricanes including Katrina’s aftermath which left an unprecedented swath of destruction over an area the size of Great Britain, dealing with a Congress who loves to spend, and funding entitlements that we cannot sustain. And still the deficit is down over $120 billion under White House projections, meaning that the deficit is only 2.3% of GDP– how many of us can claim we’re only 2.3% in debt versus what we earn, produce and provide?

JFK did it in the 1960s, Ronald the Great in the 1980s, and now Dubya in the 2000s. Each time taxes were meaningfully cut the economy was stimulated leading to a boom each time. Trust the American people to use their money wisely and they will, with great results. Why can’t our liberal friends accept this lesson, having occurred three times during many of their own lives? Why is the answer always raise taxes to shore up budget gaps? It’s never cut spending, it’s always raise taxes (take New Jersey for example). I learned this simple tax cut, supply-side principle in Macroeconomics 202 with Dr. Khalil back in college. It’s not that difficult unless, of course, your econ classes came with Kool-Aid.

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