Comments on: EITC For All Who Deserve It http://themoderatevoice.com/20626/eitc-for-all-who-deserve-it/ An Internet hub with domestic and international news, analysis, original reporting, and popular features from the left, center, indies, centrists, moderates, and right Mon, 28 May 2012 14:15:36 +0000 hourly 1 http://wordpress.org/?v=3.1.2 By: For your reading pleasure (because blogs are way more fun than watercooler gossip) « The Official Boston EITC Coalition Blog http://themoderatevoice.com/20626/eitc-for-all-who-deserve-it/comment-page-1/#comment-161504 For your reading pleasure (because blogs are way more fun than watercooler gossip) « The Official Boston EITC Coalition Blog Thu, 30 Oct 2008 20:21:26 +0000 http://themoderatevoice.com/politics/taxes/20626/eitc-for-all-who-deserve-it/#comment-161504 [...] in case you we didn’t know we had our work cut out for us, this article confirms that “the EITC has one of the lowest participation rates of any federal tax credit. A [...] [...] in case you we didn’t know we had our work cut out for us, this article confirms that “the EITC has one of the lowest participation rates of any federal tax credit. A [...]

]]> By: superdestroyer http://themoderatevoice.com/20626/eitc-for-all-who-deserve-it/comment-page-1/#comment-130982 superdestroyer Wed, 25 Jun 2008 19:27:56 +0000 http://themoderatevoice.com/politics/taxes/20626/eitc-for-all-who-deserve-it/#comment-130982 It is not a stimulus to the economy if the government was deficit spending before the stimulus and just has to add to the debt. If the government had been running a balanced budget and then went into short term debt to stimulate the economy, you could argue that tax based welfare would provide some sort term economic stimulus. However, with the current massive budget deficits, there is little the government can do to stimulate the economy. <br><br>Besides, most of the stimulus will be spent on cheap imports from China and will be paid for with higher taxes (an anti-stimulus in the future). Since there is not a politician alive who will implement Keynesian economics, maybe it is time to give up trying to do it. It is not a stimulus to the economy if the government was deficit spending before the stimulus and just has to add to the debt. If the government had been running a balanced budget and then went into short term debt to stimulate the economy, you could argue that tax based welfare would provide some sort term economic stimulus. However, with the current massive budget deficits, there is little the government can do to stimulate the economy.

Besides, most of the stimulus will be spent on cheap imports from China and will be paid for with higher taxes (an anti-stimulus in the future). Since there is not a politician alive who will implement Keynesian economics, maybe it is time to give up trying to do it.

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