Commentary Magazine


Contentions

A Few Hundred Billion Here, A Few Hundred Billion There

The Republicans are gamely trying to hold back the tide as Congressional Democrats put hundreds of billions in a new “stimulus” package. Rep. John Boehner puts out a release decrying the “massive new spending” in the form of a $300B goodie bag. But here’s the thing: it is starting not to sound like so much money. If we spend $700B on the bailout, $250B of which goes to back recapitalization it doesn’t seem as objectionable to start handing out treats to lots of people.

Other than saying “no” and trying to explain why $300B is appalling while $700B wasn’t, it might be a good idea for Republicans to start explaining why this money isn’t well spent and what type of spending or tax breaks would help. The public has now become inured to mega-government action, so perhaps the best one can hope for is more productive use of funds. Here’s a bold — albeit not politically popular idea — cut or eliminate corporate taxes for a bit.

Unfortunately for fiscal conservatives, we have long passed the point where simply pointing to the price tag is enough to dissuade voters that something is a bad idea. The best they might do is to ask: but will it work?



Join the discussion…

Are you a subscriber? Log in to comment »

Not a subscriber? Join the discussion today, subscribe to Commentary »





Pin It on Pinterest

Shares
Share This

Share This

Share this post with your friends!

Welcome to Commentary Magazine.
We hope you enjoy your visit.
As a visitor to our site, you are allowed 8 free articles this month.
This is your first of 8 free articles.

If you are already a digital subscriber, log in here »

Print subscriber? For free access to the website and iPad, register here »

To subscribe, click here to see our subscription offers »

Please note this is an advertisement skip this ad
Clearly, you have a passion for ideas.
Subscribe today for unlimited digital access to the publication that shapes the minds of the people who shape our world.
Get for just
YOU HAVE READ OF 8 FREE ARTICLES THIS MONTH.
FOR JUST
YOU HAVE READ OF 8 FREE ARTICLES THIS MONTH.
FOR JUST
Welcome to Commentary Magazine.
We hope you enjoy your visit.
As a visitor, you are allowed 8 free articles.
This is your first article.
You have read of 8 free articles this month.
YOU HAVE READ 8 OF 8
FREE ARTICLES THIS MONTH.
for full access to
CommentaryMagazine.com
INCLUDES FULL ACCESS TO:
Digital subscriber?
Print subscriber? Get free access »
Call to subscribe: 1-800-829-6270
You can also subscribe
on your computer at
CommentaryMagazine.com.
LOG IN WITH YOUR
COMMENTARY MAGAZINE ID
Don't have a CommentaryMagazine.com log in?
CREATE A COMMENTARY
LOG IN ID
Enter you email address and password below. A confirmation email will be sent to the email address that you provide.