tag:blogger.com,1999:blog-6616959642391988608.post8265260218323421243..comments2024-03-28T00:18:25.641-07:00Comments on Calafia Beach Pundit: John Cochrane: one of my favorite economistsScott Grannishttp://www.blogger.com/profile/14028519647946868684noreply@blogger.comBlogger11125tag:blogger.com,1999:blog-6616959642391988608.post-45878050155508103962014-01-10T19:40:20.156-08:002014-01-10T19:40:20.156-08:00This comment has been removed by the author.Anonymoushttps://www.blogger.com/profile/16501229820146130629noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-10948455695775020062014-01-06T09:45:09.594-08:002014-01-06T09:45:09.594-08:00Re: the Bush tax cuts. Bush cut tax rates in mid-2...Re: the Bush tax cuts. Bush cut tax rates in mid-2003, but tax revenues never declined from the $1.8 trillion rate which prevailed prior to the cuts. Five years later, tax revenues had surged almost 40% to $2.5 trillion, thanks largely to the spurt of growth which followed the tax cuts. The budget surplus reached under Clinton was reversed under Bush primarily because of the 2001 recession, whichScott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-28315555149442930192014-01-06T07:54:34.138-08:002014-01-06T07:54:34.138-08:00Let's not forget the last time the budget was ...Let's not forget the last time the budget was balanced, by that Communist Bill Clinton. With those tax increases that the entire GOP would not for and said at the time would strangle the economy.<br /><br />And the big tax cut the W Bush enacted that was going to pay for itself through all that growth it was going to unleash. Which handily erased that surplus. Easing the surplus WAS the pointbt-commenterhttps://www.blogger.com/profile/14550412495360160035noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-85385913613123607272014-01-06T07:51:54.432-08:002014-01-06T07:51:54.432-08:00This comment has been removed by the author.bt-commenterhttps://www.blogger.com/profile/14550412495360160035noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-82548549122238615552014-01-06T07:51:16.671-08:002014-01-06T07:51:16.671-08:00This comment has been removed by the author.bt-commenterhttps://www.blogger.com/profile/14550412495360160035noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-62678309791593207182014-01-05T22:13:01.539-08:002014-01-05T22:13:01.539-08:00Scott, will you provide an example of a "run ...Scott, will you provide an example of a "run prone" contract?Anonymoushttps://www.blogger.com/profile/04905613909290281696noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-59269627809647376042014-01-04T08:21:56.818-08:002014-01-04T08:21:56.818-08:00"Sadly the GOP will never balance the budget...."Sadly the GOP will never balance the budget."<br /><br />God helf us if this is true, Ben Jamin..<br /><br />I am afraid that the impact of CommieCare will have a much greater disastrous effect than spending at the VA.<br /><br />BTW, I love your word Iraqistan.Hanshttps://www.blogger.com/profile/05183141792723754273noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-20290263745399416402014-01-03T14:12:13.074-08:002014-01-03T14:12:13.074-08:00Hans--
My point is that there is excessive federal...Hans--<br />My point is that there is excessive federal spending in the sacred cows of both parties. John Cochrane would have more credibility if he acknowledged that. But it is always Obamacare and never the much-more socialized VA that garners Cochrane's attention.<br />Or the $6 trillion in outlays and incurred liabilities from Iraqistan.<br />Sadly the GOP will never balance the budget.Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-8736197249880387532014-01-03T09:54:26.646-08:002014-01-03T09:54:26.646-08:00Ben Jamin, do not forget to mention the 1tr we spe...Ben Jamin, do not forget to mention the 1tr we spend for the welfare parasites in America..<br /><br />Also, are you aware that we are sending out men and women into combat without the proper and necessary equipment.?<br /><br />"The core idea is to stop runs by guaranteeing debts. But when we guarantee debts, we give banks and other institutions an incentive to take risks. In response, we Hanshttps://www.blogger.com/profile/05183141792723754273noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-59399636516964931412014-01-03T09:49:11.157-08:002014-01-03T09:49:11.157-08:00This comment has been removed by the author.Hanshttps://www.blogger.com/profile/05183141792723754273noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-87983375839601824182014-01-03T07:36:49.303-08:002014-01-03T07:36:49.303-08:00I like the John Cochranes of the world---but why i...I like the John Cochranes of the world---but why is it they never mention the federally operated VA, or the USDA, or ethanol, or the $1 trillion in income taxes consumed by just three agencies: Defense, VA and Homeland Security? Or the home mortgage interest tax deduction...<br />As for QE3, since it started we are up 25 percent on equities, 10-15 percent on property, the private sector has been Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.com