Last year, Mitch McConnell,
like all repugicans, witnessed the complete economic devastation Kansas
Governor Sam Brownback and the repugican legislature wrought on the
state budget, schools, government, and social programs and told Brownback that “this is exactly what we want to do here in Washington, but we can’t yet until we control Congress.”
Before even being sworn in to
control Congress, repugicans took the first major step necessary to
repeat, exactly, what Brownback did to Kansas’ economy. Something
several high-ranking Kansas repugicans complained will “bankrupt the state in less than two years.”
It is also something the proponents of Brownback’s devastation admitted
openly was for the sole purpose of “chopping the government down to
size” by starving it of revenue. Remember, Mitch McConnell pledged to
the Koch brothers last June that if they bought repugicans control of
Congress, the repugican cabal would “go after the federal government; all of it.”
Anti-government champion Grover Norquist must be cheering wildly and
trickle down god Laffer is celebrating that congressional repugicans
are embracing his trickle down scam to decimate America based on his
Kansas trickle down model.
Brownback brought Laffer to Kansas to prove to repugicans that by using what is known as “dynamic scoring,”
the state could take a healthy budget surplus and add in a billion or
so dollars for give the tax cuts for the rich and the state would be
awash in revenue and a job creation boom. The results are that Kansas’
credit has been downgraded several times, the state is hemorrhaging
revenue, and the state’s schools are broke. In two courts have ruled
against Brownback’s education cuts he made to partially fund the tax
cuts for the rich. The details of Brownback’s trickle down disaster have
been reported
many times for a rough idea of the economic ruin congressional repugicans are
about to wreak on America by using Laffer’s failed “dynamic scoring” to
justify trickle down tax cuts for the rich.
Dynamic scoring is a wingnut economists’ scam
that predicts the magical impact of trickle down fiscal policy changes
by forecasting the beneficial economic reactions to incentives for the
wealthy created by slashing their taxes and domestic programs. Before
this week, when the Congressional Budget Office published a piece of tax
or spending cuts “score,” it offered an official price tag to make it
perfectly clear what a tax cutting or spending proposal will cost, how
much it will affect the deficit or cost the government, how much it will
reduce revenue, and how it adversely affects unemployment. Any American
with a memory could tell the CBO exactly what trickle down tax cuts do
to increase the deficit, adversely affect the economy, or failed to
create jobs for thirty years, but that entails acknowledging reality;
something repugicans are ill-inclined to accept.
The repugicans, particularly math-challenged Paul Ryan, absolutely hated
the way the CBO has calculated its scores on tax cuts for the rich
using real data and real mathematics. Likely because, until this week,
all non-partisan economists disagree with repugicans’ magic and lies
that trickle down tax cuts for the rich create millions of jobs and
increase government revenue. For the past three years the CBO used real
mathematics to score Paul Ryan’s outrageous tax cuts in the Path To
Prosperity budget as killing jobs and blowing up the deficit due to the
loss in revenue inherent in shrub-like unfunded tax cuts. According to
the CBO and real economists, Ryan’s math in projecting that slashing
taxes for the so-called “job creators” was off-the rails errant, a
guaranteed recipe for economic disaster, and an unsustainable deficit
driver now and long into the future.
So repugicans being repugicans, they changed the Congressional Budget Office rules to fit
their magical concept that slashing revenue streams with unfunded tax
cuts for the rich will automatically produce more federal revenue and
create millions of jobs. Something that has not happened in 30-plus
years of trickle down “magic.”
The repugicans insist, and passed a new rule on the day
they were sworn in directing the CBO to verify, that epic tax cuts for
the wealthy will produce incredible trickle down economic growth, create
millions of jobs, generate mountains of federal revenue, and will not
cost anything; ten years of shrub tax cuts for the rich belie the
“trickle down” magic. What makes the repugican directive that the CBO
use faulty dynamic scoring to approve tax cuts for the rich more
despicable is a provision banning the CBO from scoring anything proposed
by Democrats; particularly any measure remotely related to “economic
stimulus such as infrastructure improvements that really create jobs and
increase revenue.”
America is finally done clawing its way out of the
economic morass caused by “trickle down” tax cuts enacted by shrub-repugicans and is on the road to a healthy recovery; with an
increase in taxes for the richest Americans. The country is enjoying a
four-plus year monthly job growth, increased revenue is paying down the
debt and deficit, and GDP growth is leading the entire world. In fact, a
similar situation is under way in California where voters approved a
small tax increase and the state is rapidly paying down a crushing repugican-created deficit, creating jobs, and investing in
infrastructure, healthcare, and education. Contrast California or the
nation’s economy with Kansas that embraced magical “trickle down” tax
cuts due to Laffer’s ‘dynamic scoring’ scam and it is beyond
comprehension that repugicans intend on following through with what
Mitch McConnell promised economic failure Sam Brownback even as Kansas’
economy was dying; “we want to do exactly the same thing here in Washington.”
The only hope for America’s economic salvation is
Barack Obama who may not be a noted economist, or a mathematical genius,
but he has witnessed 30 years of trickle down failure including the
devastation in Kansas and he has shown no reluctance to use his veto
pen. If any American is too stupid to understand that trickle down
economics is failed economics, they can simply look at what economic
havoc Brownback and Laffer have wrought on Kansas. Then they can
anticipate the Koch brothers’ vision for a nation too broke to fund
education, retirement accounts, homeless shelters, healthcare, road
repair, or maintain crucial infrastructure because that is, as McConnell
said, “exactly what repugicans will do in Washington;” go after the federal government, all of it.
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