Saturday, July 30, 2011

"I am fully engaged with the president!"
said Leader Mcconnell!.....
If i take off my mask , you can see my true face.

My goal is to destroy America and then take over the world!
Trust me. we will not have a default!

The goal of the Neoconservative (newly formed repubs)

"Starving the beast" is a fiscal-political strategy of some American conservatives[1][2] to cut taxes, depriving the government of revenue that enables spending on social programs such as Social Security, Medicare, and Medicaid, in an effort to create a fiscal budget crisis that would then force the federal government to reduce spending. The assumption is that the government would not spend beyond its means (taxes). History has shown, however, that the US government - "the beast" - has instead borrowed money to feed its continued growth resulting in ever increasing United States public debt rather than reductions in the size of government.

James M. Buchanan, a Nobel Prize-winning economist, helped develop the Fiscal Illusion hypothesis. It's obvious, he said, "borrowing allows spending to be made that will yield immediate political payoffs without the incurring of any immediate political cost."[3] In their book Democracy in Deficit (1977), Buchanan and Richard E. Wagner suggest that the complicated nature of the U.S. tax system causes fiscal illusion and results in greater public expenditure than would be the case in an idealized system in which everyone is aware in detail of what their share of the costs of government is.[4]

The tax cuts and deficit spending of former US President George W. Bush's administration, extended by Barack Obama, were attempts to "starve the beast." Bush said in 2001 "so we have the tax relief plan [...] that now provides a new kind -- a fiscal straightjacket for Congress. And that's good for the taxpayers, and it's incredibly positive news if you're worried about a federal government that has been growing at a dramatic pace over the past eight years and it has been."[5]

Former U.S. vice-presidential candidate Sarah Palin expressly advocates the policy: "please [Congress], starve the beast, don't perpetuate the problem, don't fund the largesse, we need to cut taxes."[6] U.S. Senator Jon Kyl (R-AZ), a member of the Senate Finance Committee, states "you should never have to offset the cost of a deliberate decision to reduce tax rates on Americans."

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