Recent News and Opinion
2015/3/25 - Miscellaneous Links for Wednesday
2015/3/24 - TNMP Urges Customers to Have Spring Power Outage Plan
2015/3/20 - Videos: Lewisville City Council Retreat - March 19th, 20th, 21st -...
2015/3/18 - 35Express Project Hosts Community Meetings Along the Corridor
2015/3/18 - Denton County Democrats to Host LBJ-Obama Dinner
2015/3/18 - Letters: Defeat Big Brother Bills
2015/3/17 - Rain in the forecast
2015/3/17 - Updated: Partial Demolition Work Scheduled this Weekend for Fox Av...
2015/3/17 - Updated: Feral Hogs Swimming Across Lewisville Lake
2015/3/16 - Central Park to Undergo ADA Renovations
2015/3/14 - Witherspoon Distillery Acquires Old Piggly Wiggly Building
2015/3/13 - Special Easter Programs at Flower Mound Presbyterian Church
2015/3/13 - Upcoming Closures for the 35Express Project in Carrollton, Copper ...
2015/3/13 - Bills in the Texas Legislature Seek to Give, Take Away Local Contr...
2015/3/13 - Upcoming Events Around Lewisville and the Surrounding Area
2015/3/12 - Candidates for Lewisville Mayor - 2015
2015/3/11 - Lewisville and Farmers Branch Reach Agreement on Camelot Landfill
2015/3/10 - Lewisville Wins Governor's Community Achievement Award; $290,...
2015/3/10 - Water Main Break Affecting Parts of Lewisville
2015/3/10 - A Real Conversation About the Cost of Tax Cuts in Texas
2015/3/6 - Upcoming Events Around Lewisville and the Surrounding Area
2015/3/5 - Free Chamber Concert Features UNT Piano Trio - March 20th
2015/3/5 - Willis Alan Ramsey to take Texas Tunes Stage at MCL Grand
2015/3/5 - Free Garden Secrets Class: Herb Gardening
2015/3/4 - Lewisville ISD Closed Thursday
Recent Reader Comments
2015/3/25 8:13 - Re: Candidates for Lewisville Mayor - 2015 (Anonymous)
2015/3/21 22:14 - Re: Lewisville Arsenal Seized; Man Pleads Guilty in Gun T... (Anonymous)
2015/3/21 17:29 - Re: Candidates for Lewisville Mayor - 2015 (Anonymous)
2015/3/19 23:27 - NBC5 Has more on the hogs (WhosPlayin)
2015/3/17 13:43 - Re: Central Park to Undergo ADA Renovations (Anonymous)
2015/3/16 11:12 - Re: Candidates for Lewisville Mayor - 2015 (Anonymous)
2015/3/16 2:33 - Re: Candidates for Lewisville Mayor - 2015 (Anonymous)
2015/3/15 19:24 - Re: Candidates for Lewisville Mayor - 2015 (Anonymous)
2015/3/14 19:06 - Re: Candidates for Lewisville Mayor - 2015 (winston)
2015/3/14 18:30 - Re: Candidates for Lewisville Mayor - 2015 (winston)
2015/3/14 18:28 - Re: Candidates for Lewisville Mayor - 2015 (winston)
2015/3/14 14:13 - Re: Candidates for Lewisville Mayor - 2015 (Anonymous)
2015/3/14 14:02 - Re: Candidates for Lewisville Mayor - 2015 (Anonymous)
2015/3/14 11:57 - Re: Candidates for Lewisville Mayor - 2015 (Anonymous)
2015/3/14 5:37 - Re: Candidates for Lewisville Mayor - 2015 (Anonymous)
2015/3/14 2:08 - Re: Duke Files for Re-Election to LISD Board (Anonymous)
2015/3/13 21:43 - Re: Candidates for Lewisville Mayor - 2015 (Anonymous)
2015/3/13 8:16 - Re: Candidates for Lewisville City Council, Place 2 - 2015 (Anonymous)
2015/3/12 21:38 - Re: A Real Conversation About the Cost of Tax Cuts in Texas (Anonymous)
2015/3/12 21:33 - Re: A Real Conversation About the Cost of Tax Cuts in Texas (Anonymous)
2015/3/12 10:22 - Re: A Real Conversation About the Cost of Tax Cuts in Texas (Jonathan)
2015/3/12 9:46 - Re: A Real Conversation About the Cost of Tax Cuts in Texas (Anonymous)

Rumpelstiltskin Economics

Jason Stanford
Posted by LewisvilleTexan on 2012/11/27 20:50:00 (499 reads)

Open in new windowOpen in new windowBy Jason Stanford

Republicans are having a hard time coming to Jesus on reality. Pundits are still calling the War on Women a media fantasy even as the Republican-controlled Michigan legislature considers giving tax breaks to fetuses. Congress is trying to pass an immigration bill that ignores the 11 million unauthorized immigrants. And Sen. Marco Rubio dodged a question about our planet's age with a flippant, "I'm not a scientist, man," demonstrating even if he couldn't pass high school science that he could at least converse with the other flunkies in study hall.

It's almost as if they think they lost because they have a branding problem. But their problem is that America sees Republicans for who they are. Every major event in the last decade—Hurricane Katrina, the Iraq War, the Great Recession, Superstorm Sandy—has exposed Pax Republicana as a crumbling empire based on false ideologies, none more dangerous than believing in the Tax Fairy that magically grows the economy and fills the treasury when Congress cuts taxes on the wealthy.


This cultish belief is fueling the Republicans' ill-advised defense of tax cuts for the rich against an onslaught from voters and economists. Shortly before the election, Senate Republicans suppressed a report by the Congressional Research Service that found no correlation between tax rates for the rich and economic growth. In other words, the guys with green eye shades and really fancy calculators debunked the core belief of the Republican Party, and Sen. Mitch McConnell and his band of lost boys jammed their fingers into their ears while loudly protesting their belief in fairies.

Barack Obama was re-elected on an economic platform of growing the economy from the middle out and asking the wealthy to pay higher taxes. Bill Clinton's economic agenda (focusing on the middle class while socking away surpluses in the Social Security Trust Fund) was a brother by another mother. It's too bad we don't have a catchy name for it like Reaganomics, because it works a lot better than Reaganomics.

As we approach the fiscal cliff, Obama has reaffirmed his support for raising taxes on the rich. Speaker John Boehner has responded with "dynamic scoring," or a discredited economic forecasting model that predicts robust economic growth when you cut taxes. This is based on a study emanating from the Economic Institute of Their Rear End, because it just doesn't work.

"Part of his speech he talked about dynamic scoring, this idea if you cut taxes you increase revenues," Sen. Chuck Schumer said. "It's about time we debunked that myth, it's a Rumpelstiltskin fairy tale, dynamic scoring. You may remember Rumpelstiltskin was the fairy tale figure who turned straw into gold."

Obama, God bless him, has told Republicans that he'd rather they strike a deal that relies upon math and not magic. The polls are on Obama's side, but the election is over. Economists are on Obama's side, but science doesn't win many arguments with Republicans these days. This is a rare case in which we actually need Republicans to agree to disagree. Before the clock ticks to zero, we're going to need to stop having this fight. If reason and evidence don't win, the majority should.

Going over the fiscal cliff will raise taxes on everyone and dramatically cut federal spending. The Congressional Budget Office—those pesky economists again—predict a 4% decline in our GDP if that happens. That means another recession, which Republicans would use as proof that lower taxes equals economic growth. Like any zealot, they'll say we're being punished for our lack of faith while ignoring that the downturn will be due largely to the cut in federal spending.

Believing in the Tax Fairy doesn't make it real. Whether it's Reaganomics or Rumpelstiltskin, this false economic ideology belongs in history books with Communism and not in any serious public policy discussion. But don't expect Republicans in Congress to get with the program any time soon. After all, if tax cuts for the rich don't grow the economy, if lesbians don't cause hurricanes, if contraception doesn't cause promiscuity, and if corporations aren't people, then why even have a Republican Party?



Jason Stanford is a Democratic political consultant who has helped elect or re-elect more than two dozen Members of Congress. He lives in Austin, Texas. Jason can be reached at stanford@oppresearch.com.

© Copyright 2012 Jason Stanford, distributed exclusively by Cagle Cartoons newspaper syndicate, licensed to the Lewisville Texan Journal. This column has been edited by the author. Representations of fact and opinions are solely those of the author.

- Rating: 0.00 (0 votes) - {$lang_ratethisnews}
 
The comments are owned by the poster. We aren't responsible for their content.


Other articles
2015/3/25 7:20:00 - Miscellaneous Links for Wednesday
2015/3/24 13:06:59 - TNMP Urges Customers to Have Spring Power Outage Plan
2015/3/20 5:30:00 - Videos: Lewisville City Council Retreat - March 19th, 20th, 21st - 2015
2015/3/18 21:03:05 - 35Express Project Hosts Community Meetings Along the Corridor
2015/3/18 6:30:00 - Denton County Democrats to Host LBJ-Obama Dinner
2015/3/18 6:28:00 - Letters: Defeat Big Brother Bills
2015/3/17 21:20:28 - Rain in the forecast
2015/3/17 20:00:00 - Updated: Partial Demolition Work Scheduled this Weekend for Fox Avenue Bridge in Lewisville
2015/3/17 18:20:00 - Updated: Feral Hogs Swimming Across Lewisville Lake
2015/3/16 17:41:16 - Central Park to Undergo ADA Renovations


The Lewisville Texan Journal is a service of SagePost, Inc.
Login to Comment
User:
Pass:
Remember me
Lost your password?
Create New Account