JFK an Tax Cuts

A great piece from Richard Moore at the only professional Newspaper in Wisconsin,
The Lakeland-Times.

Here's just one of the gems of the article.

3/10/2009 11:47:00
President Obama is standing perilously close to Carter, Johnson

"JFK's words still resonate today:

"Our true choice is not between tax reduction, on the one hand, and the avoidance of large federal deficits on the other," Kennedy said. "It is increasingly clear that no matter what party is in power, so long as our national security needs keep rising, an economy hampered by restrictive tax rates will never produce enough revenues to balance our budget just as it will never produce enough jobs or enough profits. It is a paradoxical truth that tax rates are too high today and tax revenues are too low and the soundest way to raise the revenues in the long run is to cut the rates now. The experience of a number of European countries and Japan have borne this out. This country's own experience with tax reduction in 1954 has borne this out. And the reason is that only full employment can balance the budget, and tax reduction can pave the way to that employment. The purpose of cutting taxes now is not to incur a budget deficit, but to achieve the more prosperous, expanding economy, which can bring a budget surplus."" President Obama is standing perilously close to Carter, Johnson

Anyone listening out there!