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Originally Posted by aceventura3
How many examples of the same thing to we need before we take it seriously. Here is an excerpt from another view from today's WSJ:
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Nice. Note how they point out the fact that there isn't a consensus about the effect of the stimulus, but then right after they imply that there is a consensus about why the stimulus failed. It's weird that they'd ignore the idea that the effects of the stimulus were small because the stimulus wasn't big enough.
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No it is not. The general trend is easy to determine regarding tax policy, the difficulty is in isolating tax policy from other variables. Rational people respond in predictable ways.
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Aside from the "rational people behave in predictable ways" fallacy, you basically just rephrased what I said, which is to say that it is difficult to make a revenue forecast that adequately account for the effects of reality.
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Paulenty wants to keep taxes low and cut spending, the DFL controlled legislature has a different agenda, isn't that conflict the root of the budget problems in Minnesota?
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The DFL is pretty good at capitulation. Cuts have occurred frequently, with local governments picking up the slack. The point is that conservative fiscal policy hasn't done the state any favors.