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2 thoughts on “Sequester Cuts Scam: “An Oldie But a Goodie”

  1. Derrell Poole

    Bob,

    I get the little pamphlet “Imprimis” (Hillsdale College) and the latest issue has an excellent article by Amity Shlaes entitled “Calvin Coolidge and the Moral Case for Economy”. She is the author of “Coolidge” as well as other books that seem to center around the history of budgets and other economic topics including “The Forgotten Man: A new History of the Great Depression”. I have not read this but I would imagine it is a perspective on President Coolidge and how he is(n’t?) related to the Great Depression. I think we have always been lead to believe that Coolidge was largely responsible for the Great Depression and that generally we do ignore him. But according to Ms Shlaes he was the most frugal President we ever had.

    According to Shlaes he held weekly meetings with his budget director specifically to SPECFICALLY figure out how to say NO to government spending, requests for spending, and demands for spending! This is a President I think we know very little about. He was the Republican Governor of Massachusetts, ran as Warren Harding’s VP and became President when Harding passed away in 1923. He won his second term by a wide margin (no fraudulence there) in 1924 and finally had had enough in 1928. Recall that the “roaring ’20s” are always considered to be among the most prosperous years in our history. Shlaes attributes much of this to Coolidge and his “get government out of the way” and “don’t waste lead pencils” policies. Coolidge, unlike Reagan ,who also prescribed to what we call the Laffer Curve (lower tax rates equal larger revenues) used tax rates not to increase the government coffers but as a means to control the government’s budget. In fact, Coolidge was a bit hesitant to lowering the tax rates too much as this increase in revenue tended to increase the size of government! This is what Shlaes seems to mean by “the Moral Case”. The author quoted economist Benjamin Anderson; “…the government, under both Hoover (Coolidge’s successor) and Franklin Roosevelt, unlike under Coolidge, “played God”.” I would submit that all of the Presidents since, to include this fraudulent president we have now, have “played God”!

    It was NOT Coolidge or his policies that caused the economic disasters of Oct. 1929. Hoover, despite his pledge to carry on Coolidge’s legacy, did not. And Shlaes contends that FDR (a lying, socialist SNAKE! – my words, not her’s) policies caused the Great Depression to continue on much longer than it would have had the Coolidge policies been in effect!

    Morality in government is the real problem here. And that goes to our government’s utter contempt for our intelligence and our wisdom. They have not forgotten that we the people are in charge – they have IGNORED it!! They have shoved our faces into their arrogant Asses and expected us to LIKE it! They are the Revolutionaries and we are the establishmnment. No matter what your culture, your beliefs, your skin color – if you are an American Citizen – EVEN if you are a progressive left emo democrat – you better stand up for your country and say ENOUGH!!!

    Coolidge stood up to the Unions

    Coolidge visited no national disasters. (There were at least two – the flooding of the Mississippi in 1927 and floods in Vermont (the same year?)).

    Coolidge cut spending on veteran’s benefits.

    Coolidge SUSTAINED a budget surplus while in office and when he left office the Federal budget was SMALLER than when he entered office!

    I have a feeling Calvin didn’t vacation much at all!

    Coolidge acted on behalf of MORSALS – not what was “popular” – and he could have EASILY won a 3rd Term!

    “It is much more important to kill bad bills than pass good ones” – Calvin Coolidge (my new favorite quote). He vetoed 50 bills while in office.

    “The Budget and Accounting act of 1921 provided a means for Harding and Coolidge to control the budget and the nation’s debt, and at the same time gave the people the ability to hold someone responsible. That Law was gutted in the 1970s, when it became collateral damage in the anti-executive fervor following Watergate.” – IMPRIMIS Vol. 42, Number 2, page 5, Amity Shlaes.

    1. Bob Russell Post author

      Derrell, I don’t know much about Coolidge but what I do know agrees with what you wrote. He was a “Reagan” coming in between 2 “Jimmy Carters”

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