Skip to comments.Ben Stein Blames ‘Excessive Tax Cuts’ & ‘Voodoo Economics’ for Deficit
Posted on 04/17/2011 6:51:27 PM PDT by AnnGora
During a pre-recorded commentary aired on CBSs Sunday Morning show, right-leaning actor and economist Ben Stein - also a CBS contributor - blamed "excessive tax cuts" enacted by former President Bush and congressional Republicans for "starting the problem" of the current federal budget deficit, and advocated raising taxes on the wealthy in addition to "major spending cuts" and changes in Medicare and Social Security to get the deficit under control. Stein: "The Republicans who started the problem with excessive tax cuts in the Bush years will have to agree to raise taxes at least upon the truly rich of whom there are plenty."
(Excerpt) Read more at newsbusters.org ...
Disappointing. I thought that he was better than that.
taxes are the problem. the gubrnment just doesnt have enough money, you see.
they spent $3.6 trillion last year, and only took in $2 trillion.
so lets do the math, overspent $1.6 trillion on a paycheck of $2 trillion. um...
i got it !! need to ask boss for a raise of 80% !! that oughta cover us.
I get a kick out of those who believe Ben to be a conservative. Even after he supported Al Franken. Verbally, as well as with cash.
I take it you missed his Al Franken endorsement.
Looks like Ben Stein drank the kool-aid.
Because we all know that spending is not the problem. /s
Ben Stein is an ass.
the tax cut lead to increase in revenue, so how could you claim tax cut cause deficit. Its the increase in spending that followed that resulted in the deficit
Stein was always a pretty reliable Dem-basher and his father was one of Nixon’s key economists.
Debt and Voodoo economics by Whom?
Very disappointing to hear him make a statement like. I have traded many emails with him over the years (email me if you want his email addy, I will not post it here) and he always seemed to be as pegged to the right as I am.
As Confucius say.....Sum Ting Wong........
Dementia setting in???
Yeah, I missed it.
Has he gone insane?
Perhaps. Or maybe he got a hold of some bad Visine.........Wooooow!
Ben Stein is a good man but far from a very good one.
After seeing ben stein schooled by schiff a few times, I really no longer value his opinion on these matters. See the youtube video Peter Schiff was Right and you will see what I mean.
Bein Stein VS TRUE FREE MARKETER Peter Schiff
You cant cut welfare!!...that would be cruel and unusual punishment for those that “prefer” not to work!!
Just a little more taxes and THEN congress will FINALLY become financially responsible.... Yeah right!
Hey Ben first of all it’s not your money. Furthermore, even if you taxed people above $250,000.00 and took the all the Fortune 500 companies profits it’s not enough to run our government for 1 full year Ben. That is because operates at 10 Billion Dollars a day. Do the math? Don’t you see the nasty spiral this would create.
Washington needs to cut all federal budgets (across the board) by 20% and no new spending. That is if they are serious. Which I HIGHLY DOUBT!
Peter Schiff 2006 - USA bubble economy
What happened to him? He went off the deep end after his movie, “Expelled.” It’s like he’s trying to get back in the good graces of the commies or something.
Ben knows as much about economics as he does about child rearing.
Peter Schiff was right
I just read his American Spectator diary for March. To put it bluntly: he is kinda insane - at least if what he writes is the truth. He bitches endlessly in every column about his air travel and the awful lowlives who sit next to him. This month it was a woman who happened to have THICK HAIR. He imagined all the cooties that must be lodged in it. I read that damn diary like someone who watches a train wreck.
I think Peter Schiff have become our modern day Milton Friedman. I dunno of anyone who can articulate and debate against liberal as well as Schiff. I love to know anyone who is better
I did to, Franken is an idiot, Ben has now made my biggest dork list.
I did to, Franken is an idiot, Ben has now made my biggest dork list.
I did not know that. Thanks. Ben and Al should do a modern day version of Frankenstein. Hollywood drones.
Economics whiz! is that right? Well I am just a lowly business man who knows NOT to EVER spend more than you make, Ben, some advice: How about we create more tax payers??????????????
As my adopted Chinese sister says, “Muc Muc Tao”
I’ve heard Schiff interviewed by Ingraham and he sounded very logical on economic issues? Is he a lefty now, too?
Franken also won Ben Stein's money.
“I’m struck by what an incredibly capable, hard-working guy he is,” Stein told The Associated Press in a telephone interview Thursday. “He’s a very smart liberal, he’s a thoroughgoing patriot, and I would feel better with him in the Senate.”
And was responsible for Nixon imposing wage and price controls after the dissolution of Bretton Woods.
'He has obviously gone insane'.
Schiff is the best economist out there bar none. He is a libertarian pro-leave me the hell alone - kind of guy.
“We’re struggling to stay in the middle class and we’re making just over 100K with four children.”
I saw a study once where they estimated that with all the welfare benefits a single mother of 3 could make the equivalent of what a family of 4 earning $68K per year made. Free food, housing, medical, etc really added up. It’s no wonder Mexicans and other third worlders are flocking to the US, they make more doing nothing than they ever could working their butts off in their country of origin.
That is a classic!
In 1930, the Republican-controlled House of Representatives, in an effort to alleviate the effects of the... Anyone? Anyone?... the Great Depression, passed the... Anyone? Anyone? The tariff bill? The Hawley-Smoot Tariff Act? Which, anyone? Raised or lowered?... raised tariffs, in an effort to collect more revenue for the federal government. Did it work? Anyone? Anyone know the effects? It did not work, and the United States sank deeper into the Great Depression. Today we have a similar debate over this. Anyone know what this is? Class? Anyone? Anyone? Anyone seen this before? The Laffer Curve. Anyone know what this says? It says that at this point on the revenue curve, you will get exactly the same amount of revenue as at this point. This is very controversial. Does anyone know what Vice President Bush called this in 1980? Anyone? Something-d-o-o economics. "Voodoo" economics.
I blame it on federal spending.
Stein has no credibility with me. None. He said there was no housing bubble. Then he said housing prices would not go down nationally. Then he said a small housing slump would not impact the real economy.
From that alone, Stein has proven to be financially illiterate. I wouldn’t ask him to balance my checkbook.
I remember freepers assuring us that that didn’t mean anything. Stein and Franken were good friends.