Ending Tax Cuts as We Know It
In her State of the It's a Small World After All speech, President
Clinton is expected to have Bill announce that the United States, a
subsidiary of Uenco, will have its first balanced budget in more than 30
years. (By the way, why is it that the Grammy-award-winning Mrs.
Clinton, with her Grammy-award-winning voice, always has her husband do
the State of the Union speeches?)
The problem with the Clintons announcing that this is our first balanced
budget is that it's what the Republicans announced last year. It's also
what the Republicans announced the year before that. Maybe if they keep
announcing it hard enough, their wish will someday come true.
Not if Treasury Secretary Robert Rubin has his way. Once he figured that
a balanced budget might cause tax cuts, Rubin ran to the Sunday morning
talk shows to warn the viewer that such measures would throw the budget
back out of balance. Only by maintaining policies of "financial
responsibility," such as increased spending, could the budget be
balanced.
"People want to cut taxes, but we don't hear a lot of ideas on how they
are going to pay for it," Rubin said. That, of course, is the same
silliness we've heard from Democrats for years. First, we don't hear
that complaint every time President Clinton and Bill want to add a new
social program for the chiiildren. They just go ahead and push it and
let you worry about how you're going to pay for it. Second, Mr. Rubin,
if you'd pay attention you'd hear lots of ideas on how to pay for it.
Eliminate the NEA, the Department of Education, the Department of
Commerce, the Department of Energy, the IRS, Amtrack, American
occupation of Bosnia, the EPA...and the list goes on.
If we got a 50-cent tax cut for every dollar we saved by eliminating
these things, we'd still balance the budget and even make a slight dent
in the national debt. And a more significant dent in Washington's power
over our lives.
It's about Time
This year, Time Magazine, which we at Spiff like to think of as our
little (wayward) sister publication, is celebrating its 75th birthday.
In celebration of the event, the magazine has decided to stop being so
darn liberal. No, wait. Sorry. No, the magazine has asked some famous
people to sing the praises of some other famous people. This, of course,
is the only natural way to celebrate 75 years.
One of the famous people from the first group is pizza celebrity Mike
Gorbachev. The famous person from the second group that he personally
selected to celebrate is none other than Joe Stalin. Surprising as it
might be, Time concluded that this might not be a wonderful idea. People
might get the idea that Time endorses communism, although its selection
of Gorby surely disproves that. Worse yet, people might get the idea
that Gorby is a communist, and just because it's true doesn't mean it's
good p.r. for their red friend. Even worse yet, people might cancel
their subscriptions!
We expect that, with a little arm-twisting from Ted Turner, Mr.
Gorbachev will give in and write about somebody more in tune with Time's
idea of what a socialist should be. Mr. Gorbachev, meet Mrs. Turner.