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View Diary: Republicard: spend like there's no tomorrow (91 comments)

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  •  Re: Confidence in Dean and Dems (none)
    Carl Nyberg wonders:

    Why should swing voters feel confident that Dean and the Dems have found religion on fiscal discipline?

    Um, maybe the fact that Gov. Dean balanced Vermont's budget eleven years in a row!

    "The victor will not be asked whether he told the truth. When starting and waging a war it is not right that matters, but victory." Adolf Hitler, 22 August 1939

    by Thomas Kalinowski on Mon Dec 22, 2003 at 12:25:20 AM PST

    [ Parent ]

    •  Dean and federal budget (none)
      My guess is that repealing the Bush tax cut would, at best, pay for the Iraq War and increase in the federal commitment to Medicare.

      When Dean was first running, maybe repealing the Bush tax cut could have paid for his expansion of health care coverage.

      But now the money has been spent.

      Dean has ruled out cutting the military budget and has been vague on how he would balance the budget.  I trust Dean's instincts, but it's not like the Dems, including Dean, are providing the real trade-offs facing the federal gov't on the budget.

      Speak truth to power. Criticize Democratic arrogance and similarity to GOP.

      by Carl Nyberg on Mon Dec 22, 2003 at 01:45:23 AM PST

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      •  Re: Dean and federal budget (none)
        Dean has ruled out cutting the military budget and has been vague on how he would balance the budget.  I trust Dean's instincts, but it's not like the Dems, including Dean, are providing the real trade-offs facing the federal gov't on the budget.

        How will Dean balance the budget?  By goring sacred cows.  He's got a wee bit of an obsession.  (The previous comment was an example of traditional New England understatement.  You have been warned.)

        But he admits it might take him a few years to complete the process.

        •  what sacred cows? (none)
          OK, what sacred cows will Dean be willing to gore?

          The military?

          Social Security?

          Medicare?

          Tax increases?

          I'm skeptical that Dean can accomplish much if it's not part of his campaign.  He'll have little claim on a mandate.

          Speak truth to power. Criticize Democratic arrogance and similarity to GOP.

          by Carl Nyberg on Tue Dec 23, 2003 at 05:09:19 PM PST

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          •  Re: what sacred cows? (none)
            a) That doesn't seem to have stopped Bush, who acts as though he won a landslide victory.

            ii) How can you be certain that Dean won't have a mandate? Are you a visitor from the future? If so, share a few stock tips with the rest of us.

    •  A little more information (3.00)
      While Dean did balance the budget for a number of years, I think he actaually left office with a $30 million deficit. His last FY budget didn't include some mandatory spending increases (the new governor is the one that pointed this out, I believe).

      Most of Vermont's state revenue (something like 60%) came from property taxes, a source of revenue the government will not be able to tap. In 2002, Vermont had the second largest personal income tax burden at 8.8% of personal income (second only to Hawaii). Much corporate income came from an tax shelter that allowed out of state companies to hide profits inside the state as long as they paid taxes on the pre-tax amount. This scheme relied on creating an unequal field, something that cannot be done in a national level (and certainly something the US cannot try to recreate in the international market considering the amounts of pressure we apply on other countries to tighter their financial oversight).

      Sure Dean has many positive aspects to look at, but don't think his fiscal policies were anywhere perfect.

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      by jjayson on Mon Dec 22, 2003 at 02:39:42 AM PST

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