Comments on: Obama and the ghost of Walter Mondale http://blogs.reuters.com/reihan-salam/2012/09/06/obama-and-the-ghost-of-walter-mondale/ Wed, 30 Jul 2014 19:10:25 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: orogeny http://blogs.reuters.com/reihan-salam/2012/09/06/obama-and-the-ghost-of-walter-mondale/#comment-18 Tue, 11 Sep 2012 21:03:59 +0000 http://blogs.reuters.com/reihan-salam/?p=9#comment-18 This is one of the worst comment systems I have encountered.

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By: orogeny http://blogs.reuters.com/reihan-salam/2012/09/06/obama-and-the-ghost-of-walter-mondale/#comment-17 Tue, 11 Sep 2012 21:00:39 +0000 http://blogs.reuters.com/reihan-salam/?p=9#comment-17 “as effective marginal tax rates approach 50 percent, the impact on incentives would be brutal.”

No one, including Obama is proposing a 50% marginal rate, but between 1940 and 1981, we had marginal rates that far exceeded 50% and I don’t recall a lot of people going Galt. Why would 50% constitute such a brutal disincentive?

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By: DWWard http://blogs.reuters.com/reihan-salam/2012/09/06/obama-and-the-ghost-of-walter-mondale/#comment-16 Tue, 11 Sep 2012 20:36:00 +0000 http://blogs.reuters.com/reihan-salam/?p=9#comment-16 How on earth would the “effective marginal tax rate” come anywhere near 50%?

If ALL deductions were eliminated for those falling into the top tax bracket under the so-called Clinton rates the ‘effective marginal tax rate’ could never exceed 39%, high to be sure, but not even close to 50%. And while that rate was being paid, we saw the largest peacetime economic expansion in modern history. The 1990s were so good, Republicans can’t stop talking about it.

As for entitlement cuts, even a casual follower of reporting on budget negotiations over the last years knows that the Obama White House has in fact agreed to discuss entitlement cuts if Republicans will discuss taxes.

Finally, you might have heard from both Romney and Ryan that the Obama Medicare plan makes cuts in Medicare. The same cuts embraced by Romney and Ryan.

So, I’m left mystified by this entire article.

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By: yakdriver http://blogs.reuters.com/reihan-salam/2012/09/06/obama-and-the-ghost-of-walter-mondale/#comment-14 Tue, 11 Sep 2012 20:31:55 +0000 http://blogs.reuters.com/reihan-salam/?p=9#comment-14 In what universe are effective marginal tax rates approaching 50%? Next there is zero empirical evidence, none that even at 50% there is an effect on the incentives to make money or work hard.

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By: Samrch http://blogs.reuters.com/reihan-salam/2012/09/06/obama-and-the-ghost-of-walter-mondale/#comment-13 Tue, 11 Sep 2012 00:06:18 +0000 http://blogs.reuters.com/reihan-salam/?p=9#comment-13 It will cost money to fix the structural problems in the economy. They are there or the recession will not be so long. Trowing money at bank by the Fed will do little long term.

If we do not expect a big long decline. Few in power is talking about what they are.

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By: brotherkenny4 http://blogs.reuters.com/reihan-salam/2012/09/06/obama-and-the-ghost-of-walter-mondale/#comment-11 Mon, 10 Sep 2012 20:56:54 +0000 http://blogs.reuters.com/reihan-salam/?p=9#comment-11 The only real alternatives are cut defense by 50% and eliminate tax breaks for fossil energy. The only real alternatives are federal taxes on SUVs and pickup trucks. The only real alternative is a federal luxury tax on boats and diamonds. You see, your only real alternatives are not my only real alternatives.

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By: Komment http://blogs.reuters.com/reihan-salam/2012/09/06/obama-and-the-ghost-of-walter-mondale/#comment-10 Mon, 10 Sep 2012 16:28:40 +0000 http://blogs.reuters.com/reihan-salam/?p=9#comment-10 Yawn indeed! On a boringness scale of 0 to 100, thia column ranks at around 95.

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By: CDN_Rebel http://blogs.reuters.com/reihan-salam/2012/09/06/obama-and-the-ghost-of-walter-mondale/#comment-4 Fri, 07 Sep 2012 14:54:10 +0000 http://blogs.reuters.com/reihan-salam/?p=9#comment-4 Your argument keeps going in circles and makes little sense. I’m pretty sure Obama and his team can decide on their own message without some wanna-be conservative giving cues. I appreciate your desire to be fair as a conservative, and I don’t feel insanity in your words, but your piece has no value other than to bring up ghosts of the past that have no bearing on the premises. Yawn!

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By: blorgo http://blogs.reuters.com/reihan-salam/2012/09/06/obama-and-the-ghost-of-walter-mondale/#comment-3 Fri, 07 Sep 2012 14:39:21 +0000 http://blogs.reuters.com/reihan-salam/?p=9#comment-3 Invoking Walter Mondale seems kind of hyperbolic, in all honest. The Democrats are doing an alright job at how narrative is working this election, and it appears to be the job of Reuters and the Associated Press to run articles that are about as cynical and dismissive as you can get regarding the President’s changes of re-election.

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By: OneOfTheSheep http://blogs.reuters.com/reihan-salam/2012/09/06/obama-and-the-ghost-of-walter-mondale/#comment-2 Fri, 07 Sep 2012 06:38:15 +0000 http://blogs.reuters.com/reihan-salam/?p=9#comment-2 It doesn’t take a rocket scientist to see that funding existing entitlements required more money than America has to spend. The “proof is that increases to America’s debt “limit” have become both routine and unavoidable. We just print that which we do not have. The Weimar Republic went down that path in the early twentieth century, and educated people ate rats just to survive.

Only those with their head in the sand can truly believe that continuing “growth” of our bloated, inefficient government is sustainable. Democrats would take our “ship of state” full speed ahead in blind and futile pursuit of “…universal health coverage and high levels of public investment and a fairer society and a greener environment and everything else Democrats want from government” just like the Titanic; igoring economic threats that, like icebergs, can send our economy into a one-way trip to the bottom.

Only “…rolling back the growth of government, Ryan-style, AND taking an ax to the fiscal black hole that is Medicaid will buy America the time necessary to survive. We must endure and prevail over an inevitable economic sluggishness if a sustainable “new normal” for an “information age” is to emerge to be harnessed.

With an exploding population of over SEVEN BILLION people, our world faces a radically different future with which economists are without experience. Henceforth “opportunity through growth” is but a mirage. Every new mouth heralds ever decreasing prosperity for most of the world’s population. The way forward is unknown and unlit, and pitfalls surely await the impatient and unwary.

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