Concord Coalition

The Concord Coalition is portrayed as a bi-partisan group for Federal fiscal responsibility. Other than liberal Democrats, the token Republican founder is former Senator Warren Rudman. Unfortunately, Sen Rudman epitomizes the term RINO (Republican in name only). Every time I have heard him speak, he claims that the worst thing he ever did in his Senate career was vote for the Reagan tax cuts of 1981 because they caused the huge deficits.

That is the same historical lie that the liberals spout. The Reagan tax rate cuts actually stimulated more overall revenue to the Federal government. The deficit was completely the fault of Congress' out of control spending. I mention this for the umpteenth time because the Concord Coalition is speaking out against the current Bush tax cuts as being a repeat of the Reagan supply side economics, with larger deficits in store.

While it is actually another try at supply side economics, it will not increase the deficit unless Congress goes on a wild spending binge. Unfortunately, I'm not so sure that won't happen, even with the so-called fiscally responsible GOP in charge. Early indications are that they are just as fond of sending pork back to their districts as the Dems have been.

KMK
- posted by Kerry M. Kerstetter, MBA~CPA~ATP~ATA @ 12/01/2002 11:27:00 AM Send this post: