Weblog Commenting and Trackback by HaloScan.com The Barnyard: Hump Day Quotes

Wednesday, July 19, 2006

Hump Day Quotes

"Human nature itself is evermore an advocate for liberty. There is also in human nature a resentment of injury, and indignation against wrong. A love of truth and a veneration of virtue. These amiable passions, are the "latent spark"... If the people are capable of understanding, seeing and feeling the differences between true and false, right and wrong, virtue and vice, to what better principle can the friends of mankind apply than to the sense of this difference?"-- John Adams
(the Novanglus, 1775) Reference: Tracts on the American Revolution, Merrill Jensen, ed.,(300)
------
"If men of wisdom and knowledge, of moderation and temperance, of patience, fortitude and perseverance, of sobriety and true republican simplicity of manners, of zeal for the honor of the Supreme Being...are chosen to fill the seats of government, we may expect that our affairs will rest on a solid and permanent foundation." —Samuel Adams
------
"Remember the folks who said the tax cuts would 'blow a hole in the deficit?' Well, revenues as a share of the economy are now expected to rise this year to 18.3%, slightly above the modern historical average of 18.2%. The remaining budget deficit of a little under $300 billion will be about 2.3% of GDP, which is smaller than in 17 of the previous 25 years. Throw in the surpluses rolling into the states, and the overall U.S. 'fiscal deficit' is now economically trivial. This would all seem to be good news, but some folks are never happy. The same crowd that said the tax cuts wouldn't work, and predicted fiscal doom, are now harrumphing that the revenues reflect a windfall for 'the rich.' We suppose that's right if by rich they mean the millions of Americans moving into higher tax brackets because their paychecks are increasing. Individual income tax payments are up 14.1% this year, and 'nonwithheld' individual tax payments (reflecting capital gains, among other things) are up 20%. Because of the tax cuts, the still highly progressive U.S. tax code is soaking the rich. Since when do liberals object to a windfall for the government?... As for the 2003 tax cuts, the current revenue boom is one more argument for making them permanent. They are now set to expire in 2010, and, even if they are extended, federal revenues will continue to climb as a share of GDP as more taxpayers earn higher incomes and move into higher tax brackets. If liberal Democrats are really determined to soak the rich—and we don't doubt it for a second—they'll also vote to make the tax cuts permanent." —The Wall Street Journal
-------
Thanks to the Patriot, 'nuff said.
-------
Parting shot to Jay Leno and Townhall funnies, great cartoons
-------
"More rockets were fired into Israel today. Israel responded by bombing more targets inside Lebanon. Now there's talk the US might send some troops over there to help with border security. See, that's how you know the people over there are in trouble when they start asking our advice on border security."

No comments: