One of the hackneyed liberal complaints goes something like this: 'Bush is the first president in history to cut taxes during a war.' Nonsense. Bush didn't cut taxes; he cut tax rates across the board - on income, dividends and capital gains. And that's precisely why tax revenues have soared. When a department store wants to make more money, it doesn't raise its prices, it cuts them and announces a big sale. If you want more work and investment, you hold a sale on economic activity by cutting tax rates, thereby reducing the cost of productive activity and increasing the prospect of after-tax returns on work and investment.
Mike RosenRelated topics
across activity big board bush capital cost cut cutting department history hold income increasing investment liberal money nonsense president prospect raise reducing sale something store tax war work cuts rates returnsRelated quotes
Like millions of Americans, they're asking questions as profound as they are ordinary. Questions they never thought they would have to ask: Should mom move in with us now that dad is gone? Fifty, sixty, seventy dollars to fill up the car? Winter's coming. How we gonna pay the heating bills? Another year and no raise? Did you hear the company may be cutting our health care? Now, we owe more on the house than it's worth. How are we going to send the kids to college? How are we gonna be able to retire? That's the America that George Bush has left us, and that's the America that George -- excuse me, if John McCain is elected president of the United States.
Joe Biden
If we can't or won't define the enemy, the cost to fight such a war will be endless. How many American troops are we prepared to lose? How much money are we prepared to spend? How many innocent civilians, in our nation and others, are we willing to see killed? How many American civilians will we jeopardize? How much of our civil liberties are we prepared to give up? How much prosperity will we sacrifice? [...] I support President Bush and voted for the authority and the money to carry out his responsibility to defend this country, but the degree of death and destruction and chances of escalation must be carefully taken into consideration.
Ron Paul
A lot of people have let me know they wished I had been speaking out on public affairs long before now. But in the aftermath of a very divisive election, I thought it would be graceless to do so and possibly damaging to the nation.
And then came September 11th.
In the immediate aftermath, I expressed full support for our Commander-in-Chief, President George W. Bush. Tonight I reaffirm that support of the President's conduct of the military campaign in Afghanistan, and I appreciate his candor in telling the American people that this will be a long struggle - for which the nation must be braced and its political leadership united across party lines.
Al Gore
Piketty ends Capital in the Twenty-First Century with a call to arms - a call, in particular, for wealth taxes, global if possible, to restrain the growing power of inherited wealth. It's easy to be cynical about the prospects for anything of the kind. But surely Piketty's masterly diagnosis of where we are and where we're heading makes such a thing considerably more likely. So Capital in the Twenty-First Century is an extremely important book on all fronts. Piketty has transformed our economic discourse; we'll never talk about wealth and inequality the same way we used to.
Paul Krugman
Their minds befogged by fashionable nonsense about globalisation, western leaders believe liberal democracy is spreading unstoppably. The reality is continuing political diversity. Republics, empires, liberal and illiberal democracies, and a wide variety of authoritarian regimes will be with us for the foreseeable future. Globalisation is nothing more than the industrialisation of the planet, and increasing resource nationalism is an integral part of the process. (So is accelerating climate change, but that's another story.) As industrialisation spreads, countries that control natural resources use these resources to advance their strategic objectives.
John N. Gray
