Economic Deception

It seems to me…

A conservative believes nothing should be done for the first time.”  ~ Thomas Fuller.

There isn’t any historical substantiation that tax cuts, especially to the wealthy, result in economic growth.  While funding increases for defense, homeland security, and health and unemployment insurance have increased in recent years, the primary reason for current budget deficits is not excessive growth in domestic spending as claimed by conservatives but rather income reduction primarily in taxes paid by corporations and the wealthy.  Conservatives do not advocate tax cuts because they are affordable but because they are not.

They continue to pursue their policy of “Starve the Beast” intended to eliminate programs helping the poor and middle class while further reducing taxes for the wealthy.  Tax cuts result in larger budget deficits which then are used to justify further reductions in government spending.  The primary targets of these spending reductions are general welfare programs such as Social Security and Medicare to which they are ideologically opposed.

The Social Security program is predicted to have a positive balance through 2037-2042.  The Hospital Insurance Trust Fund is projected to remain solvent through 2026.  While these programs remain a large percentage of the budget, they are self-funding so why do conservatives oppose programs approved by the majority of the American public?  Over any given 2-year period, about a third of all Americans do not have health insurance.  It should be apparent from employment and healthcare statistics that one of the most beneficial changes Congress could make would be to provide health insurance to the currently uninsured.  Not only would universal healthcare insurance make good economic sense, it is morally reprehensible for a society to allow a significant percentage of its citizens to lose everything they have as a result of illness.

Similarly, conservative claims that economic growth is constrained by over-regulation is not supported by facts.  World Bank rankings of which countries are pro/con business released in October 2011 rated theU.S.fourth out of 183 countries over the past five years surpassed only bySingapore, Hong Kong, andNew Zealand.  Those countries with the fastest growing economies includedSouth Africa,China, andBrazilrated near the bottom of the list.

It should be very clear that Conservatives have a basic disagreement with facts intended to tell the truth.  Now, Republicans, in apparent frustration over their inability to control analysis results by the nonpartisan Congressional Budget Office (CBO), have now added it to their lengthening list of government agencies they would like to eliminate.  CBO analyses indicated that the 2009 economic stimulus worked as designed, that the Paul Ryan GOP Medicare rationing plan would massively shift costs to seniors, that income inequality is at record levels and, most damning of all, the Affordable Care Act reduces the national debt, Republican leaders have slandered the agency’s work as “smoke and mirrors” and “budget gimmicks, deceptive accounting, and implausible assumptions used to create the false impression of fiscal discipline”.

When CBO was in their favor, it wasn’t a problem.  The lesson is clear: either agree with Republican pronouncements regardless of how errant they might be or be prepared to suffer their wrath.

That’s what I think, what about you?

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About lewbornmann

Lewis J. Bornmann has his doctorate in Computer Science. He became a volunteer for the American Red Cross following his retirement from teaching Computer Science, Mathematics, and Information Systems, at Mesa State College in Grand Junction, CO. He previously was on the staff at the University of Wisconsin-Madison campus, Stanford University, and several other universities. Dr. Bornmann has provided emergency assistance in areas devastated by hurricanes, floods, and wildfires. He has responded to emergencies on local Disaster Action Teams (DAT), assisted with Services to Armed Forces (SAF), and taught Disaster Services classes and Health & Safety classes. He and his wife, Barb, are certified operators of the American Red Cross Emergency Communications Response Vehicle (ECRV), a self-contained unit capable of providing satellite-based communications and technology-related assistance at disaster sites. He served on the governing board of a large international professional organization (ACM), was chair of a committee overseeing several hundred worldwide volunteer chapters, helped organize large international conferences, served on numerous technical committees, and presented technical papers at numerous symposiums and conferences. He has numerous Who’s Who citations for his technical and professional contributions and many years of management experience with major corporations including General Electric, Boeing, and as an independent contractor. He was a principal contributor on numerous large technology-related development projects, including having written the Systems Concepts for NASA’s largest supercomputing system at the Ames Research Center in Silicon Valley. With over 40 years of experience in scientific and commercial computer systems management and development, he worked on a wide variety of computer-related systems from small single embedded microprocessor based applications to some of the largest distributed heterogeneous supercomputing systems ever planned.
This entry was posted in Congressional Budget Office, Deficit, Growth, Medicare, Republican, Social Security, Starve The Beast, Taxes and tagged , , , , , , , , . Bookmark the permalink.

7 Responses to Economic Deception

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