Liberal: What Does It Mean? – The Rise And Fall Of Modern Social Liberalism

In May of 2011, I asked the question “What does it mean to be a liberal?” The question and the blog post that followed were written months before the launch of what is now called The Left Call. Apparently I was not alone in asking the question as that post from nearly two years ago is now the 3rd most popular on this blog. And because of that, I feel the need to expand.

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On The Debt And Deficit, Forget About Shared Sacrifice

A common argument in support of raising taxes on the rich is the idea of shared sacrifice. The United States has a lot of debt, and somebody has to pay for it. And after all, if cuts to programs like Social Security and Medicare are on the table, then how exactly are the rich supposed to sacrifice if not for increased taxes?

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Eliot Spitzer: Republicans Devoid Of Consistency And Logic

Remember when Mitt Romney, Paul Ryan and the rest of the Republican clown show were dumping on Obamacare because it cuts $716 billion from Medicare? Well, never mind that the cuts are actually cost savings that don’t affect benefits, the point is that Republicans wanted to look like the great defenders of Medicare. Now as part of a fiscal cliff deal Republicans are looking to do what? Cut Medicare spending. Wow, that didn’t take long.

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The Moment You Realize Medicare Is Preferable To Obamacare

On Friday we learned of a rumor that a possible “fiscal cliff” deal was emerging behind closed doors. The deal would raise the top tax rate to from 35 to 37% (not 39.6%) in exchange for the Medicare eligibility age rising from 65 to 67. Let me go on the record and say I think this is a bad deal. Not only does the top tax rate not return to pre-“Bush tax cut” level, but in the bargain we throw seniors under the bus.

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Tax Revenue, Post-WWII, Averages 17.7 Percent Of GDP

In the years since World War II (1946-2011), federal tax receipts have averaged 17.7% of Gross Domestic Product (GDP). This is probably the best way to gauge the federal tax burden because it compares it to economic output. Since there are many arguments in and out of Washington D.C. about the effects of taxation on economic growth, it makes sense to directly compare the measure of taxation (total federal tax receipts) with the measure of economic output (GDP).

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