Austerity now!!!!!!!!!!!!!!!!!!!!!!!!!

The Cato Institute was one of the biggest fans of Ireland and it's low tax policies right before the crash.

oh, and for anyone who thinks that the GOP cut spending, think again. The Libyan war could wipe out most of those savings!

"U.S. military operations in Libya could wipe out a significant chunk of the budget cuts won by congressional Republicans in recent weeks, defense analysts say.

GOP leaders have trumpeted enacted spending reductions that amount to more than $285 million per day since the beginning of March.

But defense analysts say the Pentagon could be burning through more than $100 million per day in Libya, putting those budget savings at risk."

http://www.texasinsider.org/?p=44517

Remember, for every Tomahawk missle the military fires, that is $1.5 million down the tube.

Where is the outrage against Obama for getting the USA into this war in Libya????

You think the GOP, and not Obama and his administration, decided to attack Libya?????

Ireland unemployment at 13.5% and USA percentage is lower than Ireland, LOL.

What? Ireland's economy is in trouble???? No way, it cant be. Look at what all the exprts said:

Dan Mitchell (then of the Heritage Foundation, now at The Cato Institute), July 2002:

Ireland already has shown that tax cuts are a recipe for prosperity. Thanks to Reagan-style tax-rate reductions, including a corporate income tax rate of just 10 percent, Ireland has become the “Celtic Tiger” and is now the European Union’s second richest country.

– Sean Dorgan, The Heritage Foundation, June 2006:

While economic success over the past 15 years can be ascribed to a range of domestic and international factors, it was not a fluke. Ireland has long had, and intends to sustain, low tax rates to attract investment. Its current 12.5 percent corporate tax rate evolved from the zero rate on export sales in the 1950s and the 10 percent rate on manufacturing and some internationally traded services introduced in 1980.

– Chris Edwards, The Cato Institute, March 2007:

However, the key to Ireland’s success has been its excellent tax climate for business. In 1980, Ireland established a corporate tax rate for manufacturing of just ten percent. That low rate was subsequently extended to high-technology, financial services, and other industries. More recently, Ireland established a flat 12.5 percent tax rate on all corporations — one of the lowest rates in the world, and just one-third of the U.S. rate. Low business tax rates have helped Ireland attract huge inflows of foreign investment.

– Jurgen Reinhoudt, American Enterprise Institute, October 2007:

The real credit belongs to Irish fiscal policy. Beginning in the late 1980s, successive Irish governments pursued vital spending cuts and tax relief…At present, Ireland has a 12.5 percent corporate tax rate, which has made it a magnet for powerhouse firms.

– Former Gov. Mitt Romney (R-MA), FOX News, January 2008:

MITT ROMNEY: Well, you know, the — the experience of other countries in the world is some guide. You take a nation like Ireland, for instance. They cut their tax rate. I believe it’s less than half of the tax rate in most of the other European nations. And they have become — well, they have moved from a basket-case economy to a booming economy. Jobs have been flowing into Ireland.

– Sen. John McCain (R-AZ) and Sean Hannity, FOX News, October 2008:

MCCAIN: No. But you know what, Sean? You’re going to go on my first overseas trip. And I think it might be to Ireland.

HANNITY: Listen, you were right about their tax rates. They did lower tax rates on businesses and it’s been a big economic boom for them.

McCain Calls For Irish Tax Rates
During Friday’s presidential debate, Sen. John McCain (R-AZ) argued that if the United States lowered its corporate tax rate, American businesses would “be able to create jobs, increase your business, make more investment”:

Right now, the United States of American business (OOTC:ARBU) pays the second-highest business taxes in the world, 35 percent. Ireland pays 11 percent. Now, if you’re a business person, and you can locate any place in the world, then, obviously, if you go to the country where it’s 11 percent tax versus 35 percent, you’re going to be able to create jobs, increase your business, make more investment, et cetera. I want to cut that business tax. I want to cut it so that businesses will remain in — in the United States of America and create jobs.

http://wonkroom.thinkprogress.org/2008/09/29/irish-tax/

The EU should have never bailed out Ireland. They should have told them that they, along with their 12.5% corporate tax rate, can go to Hell in a handbasket.

"Moody's Downgrades Ireland

LONDON—Moody's Investors Service Inc. downgraded Ireland's government debt by two notches Friday, taking the country to the brink of junk status, and kept its outlook negative...."

Wow, that Austerity Plan is really working for them. Meanwhile, in the US and France, our rates are super low.

http://online.wsj.com/article/SB10001424052748704628404576264094193235416.html?mod=WSJ_hp_LEFTWhatsNewsCollection

joke:

a german, a irishman, a greek, a portugese and a spaniard walked into a bar. the german paid.

that's all

Funny.

He used his Marshall's (Plan) Card, and then BankAmericard wrote it off.

where nation/states cut taxes as a form of stimulus, the result is almost always debilitating fiscal trouble

koch & co somehow promote this approach as credible, when it's simply a way of ratioalizing welth transfer, and the payment of indirect costs, for weathy individs and corps, by the populus at large

dummies like licdope parrot this crap, despite that it hurts them

I've found the only thing I've ever agreed with LICC on - where's the outrage over Obama getting us into war in Libya?

I have to say, its a bit different because we don't have a ground invasion. No one cared when Clinton or Bush 2 continually bombed Iraq. It was only when we invaded. Ditto for the air wars in the Balkans, or against Sudan, or Reagan's Libya bombing...people NEVER care about air-only wars.

...now if we DID invade Libya, yes it would be hypocritical, because MK is the same morally as Saddam was.

Speak for yourself.

http://www.calculatedriskblog.com/2011/04/greece-budget-deficit-worse-than.html

http://www.businessinsider.com/whats-the-point-of-austerity-again-2011-4?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+clusterstock+%28ClusterStock%29&utm_content=Google+Feedfetcher

Hardly left wing sources. Though Bloomberg today shows (yes, its a pic from Krugman but the source is BLOOMBERG:

http://krugman.blogs.nytimes.com/2011/04/26/the-confidence-fairy-has-taken-a-leave-of-absence/

Ireland and Greece equally suck.