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Sunday, May 10, 2009
Insty points to this post at Maenianum Secundum, "Hemorrhaging Federal Receipts", where Herself writes...
Just lovely, no?
This next chart I saved on my desktop last month, from somewhere, but it fits in very nicely with this post...
Yes, that's what we're looking at. Note that these are just projected deficits; if the Galt Effect steepens, then less Federal money means more deficit.
Raise taxes, you proggressives would say? Why, that might make things worse. Remember, when Reagan lowered taxes, federal receipts went up. But with this lefty liberal proggtard in office, we are pushing 'catch-up', kid in a candy store social programs with the end result being the punishing of businesses. New taxes won't help.
The solution is (sorry, libs) to cut, cut, cut federal spending, including those out-of-control social programs. We may as well forget about Universal Health Care at this time. While we're wishing upon a star, we might as well wish for term limits on all of those serving in public offices; restoring State's rights to constitutional levels; and getting rid of tenure in our schools and universities. And, the lawyers; a few less of those wouldn't hurt either. )
In September 2008, many people saw the writing on the wall, and began preparing for a Democratic-controlled Congress and a Democrat in the Oval Office. Unlike the Carter dormancy period (the months leading up to his win and the months before he took the Oath of Office), business had no experience with which to forecast how a Democratic Congress and President would behave. This time, we knew.Herself posts a few nice charts, one of which I will, ahem, enhance. This chart shows what's happening with federal receipts (our taxes paid to the feds) since Obama took office. The 'Galt Effect'.
...Going Galt is one way that individuals and business owners can signal their disapproval of the Federal government’s handling of the economy, and their ideas for programs/spending. For many, however, Going Galt has not been an ideological choice, but a choice imposed on them. Anecdotally, we can read the horror stories from people who are unemployed, or business owners who have seen their business receipts drop off the cliff, forcing them into a Galt-state. But these are only anecdotes and don’t present an accurate picture of just how Galt the economy has become.
What we can do is look at Federal receipts.
Just lovely, no?
This next chart I saved on my desktop last month, from somewhere, but it fits in very nicely with this post...
Yes, that's what we're looking at. Note that these are just projected deficits; if the Galt Effect steepens, then less Federal money means more deficit.
Raise taxes, you proggressives would say? Why, that might make things worse. Remember, when Reagan lowered taxes, federal receipts went up. But with this lefty liberal proggtard in office, we are pushing 'catch-up', kid in a candy store social programs with the end result being the punishing of businesses. New taxes won't help.
The solution is (sorry, libs) to cut, cut, cut federal spending, including those out-of-control social programs. We may as well forget about Universal Health Care at this time. While we're wishing upon a star, we might as well wish for term limits on all of those serving in public offices; restoring State's rights to constitutional levels; and getting rid of tenure in our schools and universities. And, the lawyers; a few less of those wouldn't hurt either. )
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