Thursday, March 02, 2006
Quote Of The Day
Dean Barnett of SoxBlog fame, on W's visit to Kabul:
I find it somewhat thrilling to see our president walking out in the open where only 4 Â½ years ago murderers and psychotics held the ground. Now Bush can roam freely there, and members of the old regime are forced to seek refuge in hellholes like New Haven.Justice Ginsburg? Anyone? Anyone? Bueller?
SCOTUS Justice Ruth Bader Ginsburg, 72, has apparently discovered a cure for insomnia. Evidentlyy, a two hour court session debating the Texas Redistricting Case was less than riveting for Justice Ginsburg, who took a 15 minute power nap during the proceedings.
Top 10 Threats Facing Islamist Civilization
Abbagav is especially irreverent this morning. No word on whether his home in Israel has been targeted for protest by the Anti-Comedy Wing of the Islamofacist Murdering Thug Caucus commonly known as Hamas.
One of the hardest economic lessons for liberals to learn is the concept of the Laffer Curve. Named for Art Laffer, the principle is pretty simple. If you tax something less, you get more of it. When W proposed a 15% tax rate on Capital Gains (the tax levied on the profit of a stock sale for those of you who slept through Econ 101) the liberals howled about the money which would never make it to the US Treasury for them to spend.
Well, facts are stubborn things. For the tax year 2004, investors realized $479 Billion in Cap-Gains - compared with the $381 Billion predicted by the Congressional Budget Office. That translated in to a $12 Billion windfall for the US Treasury. The CBO predicts a 25% increase in tax revenue from Cap-Gains in 2005.
Do the math. Tax cuts work. Putting more money in the hands of consumers results in economic growth and increased revenue to the Treasury. Go figure.
HT Larry Kudlow