Brummett: We need to tax rich more like we did in the past. (Real Cause of Deficit Pt 4)

My sons Wilson and Hunter got to go to Yosemite with our friend Sherwood Haisty Jr. March 21 to March 27.

Picture of Hunter below:

John Brummett asserts that liberals are right about the cause of the deficit. He asserts in his article “Harry let us down,” Arkansas News Bureau, April 4, 2011:

He is right that the actual deficit is caused by direct government spending exceeding income, an imbalance mostly caused, he will tell you with some justification, by the fact that we don’t tax rich people as much as we did in happier and more prosperous times.

The Heritage Foundation’s Brian Riedl discusses the explosion of earmarks and number budget gimmicks included in the fiscal 2008 omnibus spending bill.

Brian Riedl is the author of the article “The Three Biggest Myths About Tax Cuts and the Budget Deficit,” (Heritage Foundation, June 21, 2010), and the next few days I will be sharing portions of his article.

Before coming to Heritage in 2001, Riedl worked for then-Gov. Tommy Thompson, former Rep. Mark Green (R-WI)., and the Speaker of the Wisconsin Assembly. Riedl holds a bachelor’s degree in economics and political science from the University of Wisconsin, and a master’s degree in public affairs from Princeton University.

The 2001 and 2003 tax cuts accounted for just 14 percent of the swing from surplus to deficit. Even if these tax cuts had never been enacted, spending and economic factors would have guaranteed more than $4 trillion in deficits over the decade, and kept the budget in deficit every year except 2007.[5]

President Bush’s spending increases played a much larger role in the budget deficits. However, this does not mean that the Democrats, who criticized President Bush for not increasing spending enough, would have been any more responsible. They responded to President Bush’s $400 billion Medicare prescription drug bill with their own $800 billion proposal. They demanded even larger spending hikes than the President’s historic budget increases for education, health research, and veteran benefits. Finally, the largest supplemental appropriations for the wars in Iraq and Afghanistan were provided after the Democrats won control of Congress.[6]

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Free-lance columnist Rex Nelson is the president of Arkansas’ Independent Colleges and Universities. He’s also the author of the Southern Fried blog at rexnelsonsouthernfried. com.

Rex Nelson wrote in the Arkansas Democrat-Gazette on April 2, 2011 a great article called “Arkansas Bucket List.” The readers of his blog http://www.rexnelsonsouthernfried.com came up with a list of things you must do at least once in your life to be considered a well-rounded Arkansan. Nelson asked others to add their suggestions at his website. I am going through the list slowly.

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1. Drive across the dike at DeGray Lake just as the sun is setting.

2. Visit the Museum of Automobiles atop Petit Jean Mountain before heading over to the state park to hike. Back in 2003 my son was the quarterback for the Arkansas Baptist Eagle football team and we traveled to Danville, Arkansas to take on the Danville Little Johns. I wondered at the time how did they come up with a name like “Little Johns” and now I know. (See Legend of Petit Jean)

Legend of Petit Jean and French Exploration:

The Legend of Petit Jean, and how the mountain received its name, begins in the 1700’s with the story of a young French Nobleman, Chavet, who lived during the period of the French exploration of the New World. He requested permission to explore a part of the Louisiana Territory, and for a grant to claim part of the land. The King granted Chavet’s approval.

Chavet was engaged to be married to a beautiful young girl form Paris, Adrienne Dumont. When told of his plans, she asked that they be married right away so she could accompany him. Thinking of the hardship and danger on the journey, Chavet refused her request, telling her upon his return if the country was good and safe, they would be married and go to the New World.

Adrienne refused to accept his answer, and disguised herself as a cabin boy and applied to the captain of Chavet’s ship for a position as a cabin boy, calling herself Jean. The girl must have been incredibly clever in her disguise, for it is said that not even Chavet recognized her. The sailors called her Petit Jean, which is French for Little John.

The ocean was crossed in early spring; the vessel ascended the Mississippi River to the Arkansas River, to the foot of the mountain. The Indians on the mountain came to the river and greeted Chavet and invited the sailors to spend time on the mountain. Chavet, Petit Jean, and the sailors spent the summer atop Petit Jean Mountain until fall approached and they began preparations for their voyage back to France. The ship was readied and boarded the evening before departure.

That night, Petit Jean became ill with a sickness that was strange to Chavet and his sailors. It was marked with fever, convulsions, delirium, and finally coma. Her condition was so grave at daylight that the departure was delayed. During the illness, Petit Jean’s identity was, of course, discovered. The girl confessed her deception to Chavet and begged his forgiveness. She requested that if she died, to be carried back to the mountaintop that she had spent her last days on, and be buried at a spot overlooking the river below. The Indians made a stretcher out of deerskins and bore her up the mountain. At sundown, she died.

Many years later a low mound of earth was found at the point we now call Petit Jean’s Grave. Her legend, her death, is said to give the mountain and the overlook an enchanting and delightful quality that draws visitors back again and again.

 

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Explore our Exhibit, browse our Gift Shop, review our History, research our Arkansas-Built
  Climber Automobile and check out our  Events Calendar.
 
 
 
Other items of interest are our Surplus Cars For Sale. You might just find the car of your dreams. Also, we collect more than Automobiles ! The Museum  has a Membership Program and a Trust Fund.   Click on links to learn more about the programs. We are a
Non-Profit Organization. 
 
 
 
We’re active in the Old Car Hobby, and serve as  Headquarters for The Mid-America Old Time Automobile Association,  MOTAA for short.  We hope you’ll come  visit. We are located in Central Arkansas near Petit Jean State Park. Look over our Hours & Rates and find us on the Locator Map
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Hunter is pictured above and below.
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