You are currently browsing the Armchair Economist weblog archives for the day February 4, 2008.
- General post (802)
- April 3, 2008: Armchair Economist gets a much-needed update
- April 3, 2008: Ghost of Herbert Hoover
- April 3, 2008: Are you smarter than a high-schooler?
- April 3, 2008: Katrina hero: Wal-Mart
- April 2, 2008: No Child Left Behind
- April 2, 2008: The poverty hype
- April 2, 2008: Oil profits
- April 2, 2008: Don's response
- April 2, 2008: Oil refinements
- April 1, 2008: My profile
Archive for February 4, 2008
Don responds
February 4, 2008 by Tom Armstrong.
I happen to have enjoyed this letter Don Boudreaux sent to the Washington Post:
Rick Perlstein suggests that it’s petty and unjustified to criticize Sen. Hillary Clinton for earmarking $1M of taxpayers’ funds to pay for a museum at Woodstock (”Getting Past the ’60s? It’s Not Going to Happen,” February 3). His argument is that the amount of money involved is so relatively small - only “one-millionth of the federal budget.”
The ethical standards to which we hold politicians are truly meager. Mr. Perlstein apparently cares neither about the constitutionality of such earmarks nor about whether or not they serve the public interest. Earmarks such as this one are okay, in his view, simply because the size of each one is so paltry in comparison with Uncle Sam’s budget. I wonder if Mr. Perlstein or Sen. Clinton would excuse me if I refused to pay my taxes this year on grounds that my taxes are an infinitesimal portion of federal revenue.
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War on the middle class?
February 4, 2008 by Tom Armstrong.
Great video from Reason, hosted by Drew Carey. The book, Myths of Rich and Poor
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$3.1 trillion-dollar budget
February 4, 2008 by Tom Armstrong.
Bush sends Congress a $3.1 trillion-dollar budget. We have a $14 trillion dollar economy, so $3.1 trillion means the federal government accounts for more than 20% of our economy. Liberals, however, won’t be happy until that number hits 100%. That’s why you never compromise with a far-left liberal.
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16th Amendment
February 4, 2008 by Tom Armstrong.
Feb. 3 was the 95th anniversary of the 16th Amendment to the U.S. Constitution. Amendments generally grant rights to the people, the 16th, however, granted additional power to the state. Was this amendment properly ratified (HT: The Tax Foundation)? Please read this before you make any of these silly arguments to the IRS.
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