Max has previously admitted he "threw away" his economics textbook when he read something in it he disagreed with.
So keynesians like krugman never said we have to spend more to eliminate the deficit? Tax cuts and spending increases are just two sides of the same keynesian coin.
The entire theory put forward by the North Carolina Republican legislature is that significantly cutting taxes on the top 10% will cause the state economy to grow. The growing state economy will bring in more overall tax revenue to offset the reduction in the tax rate. Today's hint: It doesn't work like that.
Say one has lost their job and has to go find another. If they run a "deficit", say put a haircut, new suit, and some interview coaching on their credit card, are they making a making a mistake? Should they focus entirely on cutting their spending to match their reduced income?
72% Of Americans Disapprove Of Republicans In Congress. An astounding 72% percent of Americans say they are unhappy with Republicans in Congress, according to a recent poll. President Obama and the Democrats fared a bit better. The poll, conducted by the Washington Post and ABC News and released last week, found that only 54% and 61% said they disapprove of Obama and Democrats respectively. Republicans' approval rating has been terrible for years, and Congress as a whole is almost universally disliked. The findings may not have a strong bearing on the GOP's midterm elections chances. Recent polls show the Republicans have an edge in both the Senate and the House. However, as the New York Times notes, the race is far from over. According to the The Upshot, the GOP's chances of a Senate majority may come down to "who's more unloved, Obama or the GOP." As November nears, Democrats are doubling down efforts to keep the Senate. Last week, Obama told NBC's 'Meet The Press' that "it makes a big difference if we've got at least one branch in Congress," even if they can't take back the House. http://www.huffingtonpost.com/2014/09/14/republicans-approval-rating-congress-gop_n_5820130.html
Here is today's quiz: My daughter teaches middle school social studies. Since the Republican funding cuts she has 39 students in the class but only 30 seats. 9 children must sit on the floor in the cramped classroom with no textbooks. The son of the local tea party legislator is a student in her class. What is the probability each day that this child is one of the nine selected to sit on the floor?
Sad. I remember this kind of story from the Reagan years. They: Why are you cutting spending on education? Reagan: We can't afford to keep spending on education. They: Why are you cutting spending on our infrastructure? Reagan: We can't afford to keep spending on our infrastructure. They: Why are you cutting spending to protect our clean air and water? Reagan: We can't afford to keep spending on our environment. They: So why are you increasing spending on our military? Reagan: We can't afford to not defend our children, our infrastructure, and our lands.
I'm somewhat familiar with the situation in NC, and i couldn't disagree more with gwb's harsh assessment. He is correct that corrupt democrats ran the state like some southern version on Newe Jersey, which is ironic since some many refugees from NJ have moved there. It had the highest taxes in the south, and was ground zero of the mexican invasion, thanks to low wage jobs provided in glamorous sectors like chicken processing and hog farming. I strongly suspect any school overcrowding is a direct result of this hispanic influx. Blaiming republican legislators fo rit is like blaming Bush for the obama economy. What really has upset the left in NC are a series of common sense steps taken by the legislature to get control of vote fraud and to prevent drive-by voting by temporary student populations. Following their standard script of sending out rent-a-mobs to generate publicity for the states' far left daily newspapers, the left has tried desperately to portray a state in the clutches of irrational extremists. In truth, the current legislator and governor reflect the views of most residents, particularly those who didn't move to NC in the past 45 minutes. NC has been a deeply divided state for decades. It has a core of very conservative voters, and an offsetting block of minorities, state government workers and university liberals. Like the federal level, neither group is going to find the other's policies to be palatable.