Vox

Musings, rants, rambling, general nonsense

The New Camelot?

Posted on | November 23, 2009 | No Comments

More like Spamalot, except in the White House, the humor appears to be unintentional.

I posted this quote before, asking you to guess who said it. I am posting it now to remind those on the left who continue to insist an Obama presidency is a return to Camelot. JFK was no leftie. In today’s world, he would be considered to the right of far too many in the Republican party, those who have lost sight of the party’s vision of individual liberty – and individual opportunity – and individual responsibility.

“The final and best means of strengthening demand among consumers and business is to reduce the burden on private income and the deterrents to private initiative which are imposed by our present tax system — and this administration pledged itself last summer to an across-the-board, top-to-bottom cut in personal and corporate income taxes to be enacted and become effective in 1963.

“I’m not talking about a quickie or a temporary tax cut, which would be more appropriate if a recession were imminent; nor am I talking about giving the economy a mere shot in the arm to ease some temporary complaint. I am talking about the accumulated evidence of the last 5 years that our present tax system, developed as it was in good part during World War II to restrain growth, exerts too heavy a drag on growth in peace time; that it siphons out of the private economy too large a share of personal and business purchasing power; that it reduces the financial incentives for personal effort, investment and risk-taking. In short, to increase demand and lift the economy, the federal government’s most useful role is not to rush into a program of excessive increases in public expenditures, but to expand the incentives and opportunities for private expenditures.”
[read the whole speech, it is quite timely]

If this is a surprise to you, be sure to read Dennis Prager’s “What makes a liberal? Part II” He does a great job of showing the shift of ideas and ideals as liberalism was overtaken by the Left.

I linked to Part I of this essay earlier, be sure to read them both.
(Hat Tip to TCHOTP)

UPDATE: Another great point

It is increasingly clear that no matter what party is in power, so long as our national security needs keep rising, an economy hampered by restrictive tax rates will never produce enough revenues to balance our budget — just as it will never produce enough jobs or enough profits.

“An economy hampered by restrictive tax rates” – food for thought, too bad too few people in DC are thinking



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Category: politics

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