- Home
- Premium Memberships
- Lottery Results
- Forums
- Predictions
- Lottery Post Videos
- News
- Search Drawings
- Search Lottery Post
- Lottery Systems
- Lottery Charts
- Lottery Wheels
- Worldwide Jackpots
- Quick Picks
- On This Day in History
- Blogs
- Online Games
- Premium Features
- Contact Us
- Whitelist Lottery Post
- Rules
- Lottery Book Store
- Lottery Post Gift Shop
![USA Mega](/images/usa-mega-button-2.png)
The time is now 9:45 pm
You last visited
June 27, 2024, 8:48 pm
All times shown are
Eastern Time (GMT-5:00)
![](/b.gif)
Taxes, Deficits and War: the History Lessons
Published:
Updated:
First, let's deal with Senator Kerry's factual error before we get on to his philosophical ones. George W. Bush is not the first president in American history to cut taxes near or at the beginning of a war. Just looking at wars in the past 70 years of American history, we find the following: FDR cut capital gains rates (in those days a tax overwhelmingly levied on the rich) at the beginning of WWII; John Kennedy cut taxes near the beginning of the Vietnam War; and that's not counting various minor military actions, such as Grenada and Kosovo, that occurred near significant tax cuts.
The deeper problem here, however, is philosophical. The anti-war left, seeking to wrap its position in conservative-sounding rhetoric about deficit reduction, has tried to reframe the war issue in economic terms. When they do this, they hold the president to a standard to which they are unwilling to hold previous war-time presidents.
(Graph on site http://www.techcentralstation.com/102204E.html )
The
Should we mind that some of this war will be paid for by our children? Not at all. Ronald Reagan ended a multi-generational threat through his military build-up in the 1980s. Soviet missiles are not pointed at us any longer. The collapse of the Soviets freed up enormous resources (remember the peace dividend?) which helped lay the foundation for the growth of the '90s. The generation following WWII reaped enormous benefits from the defeat of the Nazis. The generation following the demise of the Cold War reaped similar benefits from the demise of the Soviets. The generation following our own will reap enormous benefits from the defeat of the Jihadists and it is perfectly appropriate that they cheerfully pay their share of the debt that was incurred on their behalf like every other post-war generation in American history.
Comments
This Blog entry currently has no comments.
Post a Comment
Please Log In
To use this feature you must be logged into your Lottery Post account.
Not a member yet?
If you don't yet have a Lottery Post account, it's simple and free to create one! Just tap the Register button and after a quick process you'll be part of our lottery community.
Register