Tuesday, May 03, 2011

Some People Have a Wonderful Ability to Spot the Obvious. Others are Way Too Stupid for That. We Call Those People Conservatives.

Or republicans. Either way, too fucking stupid to get the obvious. Speaking of the obvious, the following article from the Washington Post about the Nation's budget problem.

Routine increases in defense and domestic spending account for only about 15 percent of the financial deterioration, according to a new analysis of CBO data.

The biggest culprit, by far, has been an erosion of tax revenue triggered largely by two recessions and multiple rounds of tax cuts. Together, the economy and the tax bills enacted under former president George W. Bush, and to a lesser extent by President Obama, wiped out $6.3 trillion in anticipated revenue. That’s nearly half of the $12.7 trillion swing from projected surpluses to real debt. Federal tax collections now stand at their lowest level as a percentage of the economy in 60 years.

That was from the article. This is from me. Sometimes I refer to Occam's Razor. And sometimes I say the following. Not only is a cigar sometimes just a cigar, but actually, usually, a cigar is just a cigar. (Idea is don't listen to someone with a convoluted, nonsensical answer until they disprove, and I mean fully, the damned obvious answer.)

Less tax revenue leaves the country poor. Tax cuts leave the country poor. That seems perfectly obvious. And it's perfectly logical. And it's not only the best answer. It's the only one based in reality.

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