It is beyond question that after over thirty years, the repugican "trickle down" economic experiment continues to fail ...
It is not like repugicans have an affinity for science, but they appear
to be applying a bastardized form of the scientific method to their
perpetually failed economic policy in order to prove it works as
advertised despite it is indeed a raging fail. The Oxford Dictionary
defines the scientific method as “
a method or procedure that
consists of systematic observation, measurement and experiment, and the
formulating, testing, and modification of hypotheses” to reach a
fact-based conclusion. It is beyond question that after over thirty
years, the repugican “trickle down” economic experiment continues
providing the same empirical data and living results of starving
government of revenue, depressing economic growth, increasing debt and
deficit, and retarding job creation.
The trickle down “
theory” was more than adequately tested
for eight long and painful years during the shrub junta, and all it proved to repugicans was the theory needed
more experimentation and trials even after it piled up debt and deficit,
killed jobs, and sent the economy into a severe recession. At the
federal level, repugicans led by Paul Ryan have passed House
legislation reverting to failed shrub-era economic policies of massive
unfunded tax cuts for the rich, increased defense spending, and
job-killing domestic program cuts as if there will be any different
outcome than during shrub-repugican years. Similar “
experiments”
have been enacted in repugican states such as Kansas, and it is no
surprise the economic devastation resulting from huge unfunded tax cuts
for the rich and corporations coupled with domestic spending cuts killed
and prevented job creation, halted economic growth, and left the state
with revenue shortfalls due to reach over a billion dollars within a
year.
Kansas is a particularly interesting “experiment” because the state’s
“extremely wingnut” Governor Sam Brownback had the temerity to
blame the state’s budgetary woes and financial meltdown on “
the failed economic policies of the Obama Administration” he asserted
“are affecting states throughout the nation.”
However, not only are Brownback and Kansas repugicans shifting blame
for their economic ineptitude on President Obama, they are lying through
their teeth and ignoring empirical data revealing that the President’s
economic policies are great success stories because they are the polar
opposite of Brownback and repugicans’ economic disasters. In fact,
Democratic states like California that enacted economic policies
Brownback claims are failures are thriving in every category and, like
on the national level, were necessary to reverse the damage of eight
years of a repugican junta following the shrub and now Brownback’s
failed economic policies.
On the national level, instead of a crushing budget shortfall, job
losses, and a Moody’s credit downgrade Brownback’s trickle down tax cuts
produced, the Congressional Budget Office reports that the Treasury
Department posted a
$114 billion surplus
in April alone that is the largest for that month since 2008. The
Congressional Budget Office also projected the 2014 shortfall declined
to 2.8% of GDP, or
$492 billion
that is $23 billion below its own forecast a few months ago. The
surplus is partly due to a minute tax increase on the richest one
percent as well as more Americans leaving the ranks of the unemployed
that eviscerates the thirty-plus year contention that greater tax cuts
for the rich equals more jobs and increased revenue; an assertion that
Kansas’ economic meltdown, job losses, and budget shortfall disproves.
Brownback asserted that “economic policies of the Obama Administration
are affecting states throughout the nation,” but like his claim Kansas’
economic disaster if proof tax cuts for the rich are working as planned,
it is more lies to cover repugican economic policy failures.
California suffered an eight year Brownback-shrub-Kansas economic
agenda under a repugican governor and legislature that killed jobs,
blew up the deficit, and devastated the state’s economy, but the state
rebounded magnificently with a Democratic governor and legislature.
According to a recent comprehensive
study,
states that embrace wingnut economic policies far underperform
states enacting liberal economic policies, and California is a prime
example of what liberal success looks like. California barely raised
taxes on the rich similarly to federal policies and the result is within
a year it is posting record budget surpluses,
paying down its repugican deficit, increased spending for education, infrastructure, and domestic programs, and
adding jobs
at a rate outpacing the federal numbers and most states in the nation.
In fact, the more liberal California economic agenda is producing more
jobs,
economic growth, and deficit reduction than any repugican “pro-business” agenda that is wreaking havoc on the Kansas economy.
Despite overwhelming empirical data proving that the Kansas and shrub
economic agenda is the quickest path to decimate an economy and kill
jobs, House repugicans passed Paul Ryan’s Path to Prosperity (for the
wealthy elite) budget that makes Brownback’s budget disaster look tame
in comparison. In fact, Ryan’s budget is far worse for the economy,
jobs, and debt and deficit than anything shrub or Brownback could
possible impose and yet repugicans claim it is a job-creation,
economy-growing, poverty halting, and deficit reducing bonanza despite
projections it will increase the deficit and bring economic growth to a
screeching halt. Still, repugicans could not help themselves from
recently passing two permanent and unfunded tax cuts for the rich and
corporations that add to the deficit and create no jobs. The repugicans are
not experimenting any longer because they know precisely what their
“pro-business” tax cutting agenda will produce; more wealth for the one
percent, higher debt and deficit, and annual budget shortfalls for the
nation’s economy.
It is a travesty that racial animus prevents wingnut, teabagger,
libertarian, religio-wingnut, and repugican voters from spending even
one minute perusing empirical data from the shrub-repugican era and
states such as Kansas to comprehend their economic policies are
disasters. However it is likely they know conservative economic policies
are a path to poverty, job losses, and budget shortfalls regardless
they are at the state or federal level, but their racial hatred of
President Obama drives them to support the conservative economic agenda
simply because it is the opposite of Obama’s.
Sam Brownback’s claim that Kansas’ revenue shortfall, economic
underperformance, credit downgrade, and job losses are due to Obama’s
economic policies is a bald-faced lie. The President’s economic policies
have far outperformed Kansas or shrub-repugicans’ pro-business economic
failures, and like California’s liberal economic policies are producing
revenue surpluses, jobs, debt and deficit reduction in spite of minute
tax hikes conservatives claim is the death knell for economic growth or
job creation.
Still, repugicans are determined to repeat the same failed economic
policies that have proven time and time again to retard economic growth,
increase debt and deficit, kill jobs, and starve government of
revenue, but they can never claim their “experiment” needs more time to
produce the desired results. Their scientific experiment in trickledown
theory has been peer-reviewed, replicated ad nauseum, and studied to
death with the same conclusions; repugican, libertarian, and Koch
brother economic policies just fail.
If any American needs a real world, data-rich example of what
America’s economy would look like with repugicans in charge, they can
either harken back to eight years of shrub-repugicans’ economic
disaster, or look at Kansas’ current economic catastrophe. If, however,
they want to see the success of liberal economic policies and cannot
put aside their racial hatred of President Obama to see the nation’s
declining debt and deficit, job creation successes, revenue surpluses,
and economic growth they can look to California’s successes. Only a
fool, or anti-Obama racist, would opt for repugican’s failed economic
policies and unfortunately states like Kansas and Missouri, and every state overflowing with racists and fools who will
vote for repugicans because they oppose the President and economic
growth, job creation, and budget surpluses the rest of the nation are
weary of sharing with self-loathing cretins supporting their own
economic demise.
