tag:blogger.com,1999:blog-21829866.post2117256520712145149..comments2023-08-20T07:06:14.115-04:00Comments on Thurber's Thoughts: Promises of tax cuts and the state's $851 million budget deficitMaggiehttp://www.blogger.com/profile/12677808307727487766noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-21829866.post-66365009740607795622009-11-21T16:07:30.889-05:002009-11-21T16:07:30.889-05:00Maggie,
When I read stuff like this, I repeatedly...Maggie,<br /><br />When I read stuff like this, I repeatedly say to myself, "Politicians think that we are stupid," and then it all becomes clear to me.<br /><br />But, until enough voting patriots understand the same message, the politicians will remain right and get on with destroying our country unhampered by the enlightened few.<br /><br />Some day though, the worm will turn. . .<br /><br />Hopefully, sooner than later.Hooda Thunkit (Dave Zawodny)https://www.blogger.com/profile/13176392380086227377noreply@blogger.comtag:blogger.com,1999:blog-21829866.post-68806369656407303972009-11-20T13:20:34.158-05:002009-11-20T13:20:34.158-05:00Maggie,
Both sides remain laughable on this subje...Maggie,<br /><br />Both sides remain laughable on this subject. Democrats want no tax cuts and no spending cuts, Republicans want less in the way of tax cuts and no spending cuts. It would be funny if it weren't so tragic (and of course our money).<br /><br />When have these legislators done anything that wasn't based on "unreliable funding"? <br /><br />The tobacco tax settlement, SCHIP, slot machine revenues, casino licensing fees, THE LOTTERY; they are all subject to the winds of change called the American Economy. They refuse even to acknowledge that part of the problem is the "unreliability" of income tax in a year where income is going down.<br /><br />Like the man falling down the outside of the skyscraper, they tell themselves "so far, so good", refusing to recognize the reality of the situation. <br /><br />When will they recognize that the end may be near from "traumatic sudden deceleration" if they do not significantly change the parameters of the situation (as in cutting the budget or seeking some non-income based, non-taxpayer based revenue source)?<br /><br />When will they begin to remember the proof of history that tax cuts cause an economy to grow instead of continuing to redefine stupidity by "doing the same thing over and over again and expecting a different result"?Timothy W Higginshttps://www.blogger.com/profile/17118861693269565715noreply@blogger.comtag:blogger.com,1999:blog-21829866.post-23291802253406211102009-11-20T10:22:31.407-05:002009-11-20T10:22:31.407-05:00There are two concepts that this story along with ...There are two concepts that this story along with other similar stories highlight.<br /><br />First, politicians seem to have never learned the lesson that taxes are not a static calculation. Raise the rate multiplied by last year's taxable income and voila...more tax money. Incorrect. Lower rates, increase the taxable income base and more tax revenue. Correct.<br /><br />Second, the perspective that politicians view things from a government centric perspective, instead of a public centric perspective. To explain, the politicians see the government entity's financial needs as more important than that of the public. If there is a tax revenue shortfall, their first reaction is to find new ways to make up the short fall instead of making cuts to match revenue. Whether or not the public can actually afford it is a secondary concern and is only seen in the light of how it affects their reelection chances.<br /><br />So I've stated the obvious. <br /><br />What I think Ohio along with other states and of course the City of Toledo need to do, is come to terms with less tax revenue. To understand that revenues will be less and that making up for some shortfall with new fees and taxes are not feasible. To understand that fundamental structural change in the budget and how government actually operates needs to be figured out. <br /><br />To continue to try to finance government in it's current form will become clearly impossible for financial reasons. Ideology aside with respect to the size and role of government, government will need to shrink to more closely match revenues. If we do not, we may unfortunately find our state going down the path that New York and California have chosen.skeeter1107https://www.blogger.com/profile/15125467565568229281noreply@blogger.com