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Ben Stein Blames ‘Excessive Tax Cuts’ & ‘Voodoo Economics’ for Deficit
Newsbusters.org ^ | April 17, 2011 | Brad Wilmouth

Posted on 04/17/2011 6:51:27 PM PDT by AnnGora

During a pre-recorded commentary aired on CBS’s 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 ...


TOPICS: Business/Economy; Culture/Society; Government; News/Current Events
KEYWORDS: clinton; rich; stein; taxcuts
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"Conservative" writer, commentator, actor, lawyer, economics whiz, chief cook and bottle washer, and RINO, Ben Stein again tries to please his Hollywood masters...
1 posted on 04/17/2011 6:51:32 PM PDT by AnnGora
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To: AnnGora

Disappointing. I thought that he was better than that.


2 posted on 04/17/2011 6:52:22 PM PDT by Virginia Ridgerunner (Sarah Palin has crossed the Rubicon!)
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To: AnnGora

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.


3 posted on 04/17/2011 6:57:11 PM PDT by beebuster2000
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To: Virginia Ridgerunner

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.


4 posted on 04/17/2011 6:57:20 PM PDT by ButThreeLeftsDo (FreeRepublic. Now, More Than Ever.)
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To: Virginia Ridgerunner
Disappointing. I thought that he was better than that.

I take it you missed his Al Franken endorsement.

5 posted on 04/17/2011 6:57:43 PM PDT by Gondring (Paul Revere would have been flamed as a naysayer troll and told to go back to Boston.)
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To: AnnGora

Looks like Ben Stein drank the kool-aid.


6 posted on 04/17/2011 6:59:11 PM PDT by pnh102 (Regarding liberalism, always attribute to malice what you think can be explained by stupidity. - Me)
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To: AnnGora

Because we all know that spending is not the problem. /s

Ben Stein is an ass.


7 posted on 04/17/2011 6:59:49 PM PDT by Gene Eric (*** Jesus ***)
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To: AnnGora
Hey Ben, what about the lower 47 percent of Americans who pay nothing? Can't they pay anything (even 1 percent) or at least not get a check? We are all in this together and if the country goes down we all suffer.
8 posted on 04/17/2011 7:00:12 PM PDT by 2001convSVT (That Beck guy was right about gold, too.)
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To: AnnGora

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


9 posted on 04/17/2011 7:00:29 PM PDT by 4rcane
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To: Virginia Ridgerunner

Stein was always a pretty reliable Dem-basher and his father was one of Nixon’s key economists.


10 posted on 04/17/2011 7:00:52 PM PDT by Little Pharma
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To: pnh102
• The U.S. has added $6 trillion to its debt under Obama, a sure sign of being on the road to Third World status. Three years ago, the U.S. had $7.9 trillion in debt. Today, we have $14 trillion. Bankrupt, hyperinflated Zimbabwe couldn't do any better.

Debt and Voodoo economics by Whom?

11 posted on 04/17/2011 7:00:52 PM PDT by scooby321
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To: AnnGora
Bullhockey! We're struggling to stay in the middle class and we're making just over 100K with four children. We're getting cornholed on taxes this year while sending a daughter to school at 30 k per year. Enough! It's our money and if the gov't can't balance its budget, then cut some of the useless entitlement programs like food stamps and other welfare programs - just keep our defense strong - one of the few legitimate functions our bloated government performs.

Lamh Foistenach Abu!
12 posted on 04/17/2011 7:02:22 PM PDT by ConorMacNessa (HM/2 USN, 3/5 Marines, RVN '69 - St. Michael the Archangel, defend us in battle!)
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To: AnnGora

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........


13 posted on 04/17/2011 7:05:19 PM PDT by NWFLConservative (Fight Like a Girl!!...............Saracuda in 2012)
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To: NWFLConservative

Dementia setting in???


14 posted on 04/17/2011 7:06:52 PM PDT by goodnesswins (Unlike the West, the Islamic world is serious.)
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To: Gondring
I take it you missed his Al Franken endorsement.

Yeah, I missed it.

15 posted on 04/17/2011 7:07:46 PM PDT by Virginia Ridgerunner (Sarah Palin has crossed the Rubicon!)
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To: AnnGora

Has he gone insane?


16 posted on 04/17/2011 7:08:10 PM PDT by rlmorel (Capitalism is the Goose that lays The Golden Egg.)
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To: goodnesswins

Perhaps. Or maybe he got a hold of some bad Visine.........Wooooow!


17 posted on 04/17/2011 7:08:10 PM PDT by NWFLConservative (Fight Like a Girl!!...............Saracuda in 2012)
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To: AnnGora

Ben Stein is a good man but far from a very good one.


18 posted on 04/17/2011 7:08:54 PM PDT by yarddog
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To: NWFLConservative

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.


19 posted on 04/17/2011 7:10:10 PM PDT by GlockThe Vote (F U B O ! ! !)
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To: AnnGora

http://www.youtube.com/watch?v=CZyvnWFbR84
Bein Stein VS TRUE FREE MARKETER Peter Schiff


20 posted on 04/17/2011 7:12:07 PM PDT by 4rcane
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To: ConorMacNessa

You cant cut welfare!!...that would be cruel and unusual punishment for those that “prefer” not to work!!


21 posted on 04/17/2011 7:13:13 PM PDT by M-cubed
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To: AnnGora

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!


22 posted on 04/17/2011 7:14:40 PM PDT by Sprite518
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To: AnnGora

http://www.youtube.com/watch?v=UOBXSewoP0s
Peter Schiff 2006 - USA bubble economy


23 posted on 04/17/2011 7:16:10 PM PDT by 4rcane
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To: AnnGora

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.


24 posted on 04/17/2011 7:19:57 PM PDT by backwoods-engineer (Any politician who holds that the state accords rights is an oathbreaker and an "enemy... domestic.")
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To: AnnGora

Ben knows as much about economics as he does about child rearing.


25 posted on 04/17/2011 7:20:05 PM PDT by Mr Ramsbotham (Laws against sodomy are honored in the breech.)
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To: GlockThe Vote

http://www.youtube.com/watch?v=2I0QN-FYkpw
Peter Schiff was right


26 posted on 04/17/2011 7:20:42 PM PDT by 4rcane
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To: rlmorel

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.


27 posted on 04/17/2011 7:21:59 PM PDT by miss marmelstein (.)
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To: Mr Ramsbotham

Ouch!


28 posted on 04/17/2011 7:22:40 PM PDT by miss marmelstein (.)
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To: GlockThe Vote

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


29 posted on 04/17/2011 7:22:40 PM PDT by 4rcane
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To: Gondring

I did to, Franken is an idiot, Ben has now made my biggest dork list.


30 posted on 04/17/2011 7:23:33 PM PDT by MSRiverdog (The greatest trick the devil ever pulled was convincing the world he didn't exist!)
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To: Gondring

I did to, Franken is an idiot, Ben has now made my biggest dork list.


31 posted on 04/17/2011 7:23:45 PM PDT by MSRiverdog (The greatest trick the devil ever pulled was convincing the world he didn't exist!)
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To: ButThreeLeftsDo
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 did not know that. Thanks. Ben and Al should do a modern day version of Frankenstein. Hollywood drones.

32 posted on 04/17/2011 7:24:28 PM PDT by PGalt
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To: AnnGora
Hey Ben! Have you ever read the Constitution? Try reading the enumerated powers granted to Congress in Article 1 Section 8. You'll see there are no enumerated powers to regulate the environment, health, communications, education, food, drugs, alcohol, tobacco, firearms and agriculture to name a few.

That means Ben the EPA, DHHS, FCC, Department of Education, FDA, BATFE and Department of Agriculture are all Unconstitutional and must be abolished as those are powers reserved to the states or to the people per the 10th Amendment.

The bottom line Ben is federal spending can be reduced by reducing the size of the federal government within the confines of Article 1 Section 8.
33 posted on 04/17/2011 7:24:55 PM PDT by Defend Liberty
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To: AnnGora

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??????????????


34 posted on 04/17/2011 7:25:11 PM PDT by Cheetahcat ( November 4 2008 ,A date which will live in Infamy.)
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To: NWFLConservative

As my adopted Chinese sister says, “Muc Muc Tao”


35 posted on 04/17/2011 7:25:43 PM PDT by DLfromthedesert
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To: GlockThe Vote

I’ve heard Schiff interviewed by Ingraham and he sounded very logical on economic issues? Is he a lefty now, too?


36 posted on 04/17/2011 7:28:06 PM PDT by DLfromthedesert
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To: Gondring; Virginia Ridgerunner; AnnGora
I take it you missed his Al Franken endorsement.

Franken also won Ben Stein's money.

37 posted on 04/17/2011 7:29:03 PM PDT by Paleo Conservative
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To: PGalt

“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.”

http://www.foxnews.com/story/0,2933,303383,00.html


38 posted on 04/17/2011 7:29:35 PM PDT by ButThreeLeftsDo (FreeRepublic. Now, More Than Ever.)
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To: Little Pharma
and his father was one of Nixon’s key economists.

And was responsible for Nixon imposing wage and price controls after the dissolution of Bretton Woods.

39 posted on 04/17/2011 7:32:16 PM PDT by Timocrat (Ingnorantia non excusat)
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To: rlmorel
Has he gone insane?

_____________________________________________

'He has obviously gone insane'.

40 posted on 04/17/2011 7:33:09 PM PDT by Ken H
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To: DLfromthedesert

Schiff is the best economist out there bar none. He is a libertarian pro-leave me the hell alone - kind of guy.


41 posted on 04/17/2011 7:36:32 PM PDT by GlockThe Vote (F U B O ! ! !)
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To: PGalt
Franken/Stein in 2012?
42 posted on 04/17/2011 7:37:52 PM PDT by Ken H
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To: ConorMacNessa

“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.


43 posted on 04/17/2011 7:39:18 PM PDT by trapped_in_LA
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To: 4rcane

bump


44 posted on 04/17/2011 7:45:24 PM PDT by harpu ( "...it's better to be hated for who you are than loved for someone you're not!")
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To: Ken H
Franken/Stein in 2012?

That is a classic!

45 posted on 04/17/2011 7:46:41 PM PDT by Stepan12 (Palin & Bolton in 2012)
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To: AnnGora

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.

46 posted on 04/17/2011 7:48:19 PM PDT by dfwgator
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To: AnnGora

http://www.youtube.com/watch?v=dxPVyieptwA


47 posted on 04/17/2011 7:48:32 PM PDT by hifidelity
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To: AnnGora

I blame it on federal spending.


48 posted on 04/17/2011 7:50:12 PM PDT by <1/1,000,000th%
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To: AnnGora

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.


49 posted on 04/17/2011 8:21:34 PM PDT by Freedom_Is_Not_Free (Don't confuse Obama's evil for incompetence.)
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To: ButThreeLeftsDo

I remember freepers assuring us that that didn’t mean anything. Stein and Franken were good friends.


50 posted on 04/17/2011 8:23:17 PM PDT by DManA
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