The Reagan Hangover

 
 

This is what happens when you base an ideology on mistrust of government and lowering taxes to an unreasonable level.  It’s time for America to grow up, reject Reaganism and accept that taxes are a part of life and that without a reasonable tax policy America is on the path to becoming a third world nation. 

Mass school closures approved in Kansas City, Mo.

Education faces steep state cuts

Thousands protest California education cuts

Gov. Paterson: No education cuts now means worse cuts next year

O.C. school cuts: $352 million and counting

Portland school cuts leave hard choices

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19 Comments

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19 responses to “The Reagan Hangover

  1. dnd

    Reagan’s two terms gave us the most blatant revisionist history in recent memory. His two accomplishments were:
    1. Keeping Paul Volcker on as Fed Chief, when Volcker told him the monetary policy would result in a severe recession, but was necessary to end stagflation that plagued the U.S. in 1980. This was unpopular, but it worked. Reagan exhibited remarkable courage in this decision.

    2. Reagan’s demeanor won over the “Reagan Democrats,” a group that as it turns out voted against their own self interest. This is probably why there was a full court press to immediately rewrite history to make him out as one of our great presidents.

  2. TempeBev

    Sexual scandals always attract the media. Important items obviously don’t.

    Way to go Patrick – hope you do this more often.

  3. nannymm

    I agree with you, dnd and Bev.

  4. dog's eye view

    Well said, Brian.

    Headline in Long Beach paper today: Teachers Get Layoff Warnings.

    1,019 notices going out to comply with deadline for May cuts. Actual layoffs (more around 700 cuts) to come by May 15.

  5. Taxes just have to go up and it’s time people just accepted the fact. At this time in our history we need to be spending more money, not cutting back.

    • dnd

      “Taxes just have to go up and it’s time people just accepted the fact. At this time in our history we need to be spending more money, not cutting back.”

      Spoken like a true socialist 😉

      You do not want to raise taxes during times of economic collapse, much as, though less intuitively, you don’t want to cut taxes during times of prosperity. I.e., you want to sock it away when times are good to cushion you when times are bad.

      The Republican’s idea of always cutting taxes is disingenuous. If that were the case, there would be no taxes whatsoever. Then they cite the Laffer curve, which sets the tax rate to optimize revenues. The Laffer curve is easy to understand and seems intuitive. It is also way too simplistic and incorrect.

      The real poop is absolute tax rates mean much less than the change in tax rates over time.

  6. And another point, all these education cuts are just yet another example of why balanced budgets amendments are dangerous.

    • dnd

      “And another point, all these education cuts are just yet another example of why balanced budgets amendments are dangerous.”

      Balanced budgets in states are necessary because, unlike the federal government, they cannot print money. Education is always on the chopping block, as is fire and police protection. This gets everyone riled up about essential services. Pols love this as it’s much easier than cutting non-essential services.

  7. This is a fucking disgrace what’s going on with education in this country. States can borrow money, states can issue bonds, but so many states are hamstrung because every tax measure has to go on the ballot.

  8. nannymm

    I agree with Brian. Our marginal tax rates are the lowest they have been in 50 yrs. We need to raise them so that we can fund necessities like education, healthcare, infastructure, etc. Those things are not free.

  9. tonyb39

    Brian,Nanny

    I agree with you both,taxes need to go up and pronto! I posted this earlier at TM..

    “Like him or not at least you knew where Reagan was heading .”

    Ping,
    True.I remember being an unemployed GM worker in Flint,Michigan and being told by Reagan the answer to my unemployment was i needed to vote with my feet and leave the state to find work! Ha,and when I was called back to work for GM after 2 and half years of Reaganomics,he instituted for the first time ever taxing unemployment.My tax bill was $1400,talk about kicking you when your down,yep that’s what Reagan did,that and lower the top tax rate from 70% to 28%…Help the wealthy and kick the unemployed,it all started with Reagan..

    So yes let us take the top tax rates back to a fair and equitable place..

  10. tonyb39

    Morning Joe,this morning was a joke.Joe and the boys acted like school kids, laughing at all things gay and Massa..Nothing funny,unless your into celebrating someone else’s misfortune..Miki of course played mommy trying to keep her boys in line..

  11. eprof2

    Here in AZ the Republican legislature, which has made it clear that they are opposed to any tax increases, has placed a one cent temporary three year measure on the ballot for May. This allows the Republicans to say they didn’t vote for a tax increase no matter which way the vote turns out. If any state needs more money than AZ by percentage of the budget shortfall, I haven’t seen it yet. Even CA is in better shape than AZ, if you can say that with a straight face.

  12. Breaking News Alert
    The New York Times
    Thu, March 11, 2010 — 3:50 PM ET
    —–

    Cuomo Will Recuse Himself From Paterson Cases

    Facing growing political pressure, Andrew M. Cuomo, the New
    York Attorney General, said he would appoint an independent
    counsel to take over his office’s investigation into two
    matters involving Gov. David Paterson: whether he and his
    administration interfered in a domestic violence case
    involving an aide, and whether he lied to the state ethics
    commission about receiving free tickets to a World Series
    game at Yankee Stadium.

    Mr. Cuomo, who is widely said to be planning a run for
    governor in November, plans to appoint Judith S. Kaye, the
    former Chief Judge of New York, to lead the inquiries.

  13. New Rule:

    Whenever the news goes to Eric Massa, I change the channel.

  14. tonyb39

    Great rule,i will adopt it…

  15. nannymm

    I’m with you both. Enough is enough! There are real issues to deal with. Kennedy is absolutely correct.
    As soon as I feel a bit better, I plan to write to MSNBC and CNN to tell them so.

    Thank you all for the get well wishes. I feel a lot better today but still not back to normal. Getting there, though.

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