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Laffer curve has long been debunked as economic theory; look it up

To The Daily Sun,

In referring to letter published on April 11's Daily Sun by Mr. (Bob) Meade, I now wish I had learned to type and spell words with more than four letters. I will respond in two letters to the editor.

I will say I consider Mr. Meade to be well informed on all subjects. However, he can twist the facts on a subject to suit his way of thinking.
I wrote a letter April 8 stating Bush tax cuts reduced revenues $1.8 trillion over seven years. Mr. Meade wrote revenues increased $2.57 trillion under Bush. He claimed in his research of my letter, it was based on assumptions. He introduced me to the "Laffer curve." I will prove this is one of the biggest blunders Mr. Meade has ever made. While he stated that I was gloating ,in my first letter, this letter I will agree with him. I Googled "Laffer curve," read the pros, went to bottom of page and read, debunking Laffer — Laffer curve debunked. A good first point in thinking the title of this letter should be titled Mr. Meade Laffer curve discredited.

I next Googled "who is Art Laffer." He is a frequent guest on Fox News, former Reagan economic adviser. Please read "in praise of Art Laffer." Further research, I Googled "war deficit Iraq War Bush administration" and read critic's are still wrong on what's driving deficits in coming years. I also read "view updated data." February 28, 2013.

Since I realize not many will read the sites I mentioned, I will make two brief quotes. With the Iraq war treated as a "off the books" expense, the Pentagon was allowed to keep spending on high-end military equipment and cutting-edge technology in fiscal terms, it was as if the messy wars in Afghanistan and Iraq had never happened. With reduced taxes and military spending that meant we borrowed to pay for the war of choice that Bush led us into.

The CBO report dated Feb. 28, 2013, stated federal deficits and debt have been sharply higher under President Obama, but the evidence continues to show that the Great Recession, President Bush's tax cuts and two wars explain most of the deficit on Obama's watch. Further, the deficit under Bush will continue to affect federal budget until 2019. One must read this site to get full grasp of the damage to the federal budget that falls in Bush's lap.

I will let Mr.Meade know that these are not my assumptions,they are brief quotes from some of the most prestigious think tanks within federal government. To get full grasp of this site, you need to read the article.

During my surfing the web site I found this of which will be of interest to the right-wing party. Google "who is Laffer curve discredited." Read Glenn Beck's article that the plan is based on discredited Laffer curve, and watch the video. A quote in brief: "Laffer's theory is widely discredited," with Bush administration economist N. Gregory Manlow calling it not credible and numerous Bush administration officials acknowledge that tax cuts provide a net decrease in revenue. Scroll down and read "Heritage Foundation discredited."

In closing until next letter, I will admit I'm not the sharpest knife in the drawer. However, I can see BS a mile away.

Henry Osmer


Last Updated on Monday, 14 April 2014 08:46

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Kimball indeed is a castle & it was place on Historic Register in 80s

To The Daily Sun,

During the public forum regarding Kimball Castle, which was held in Gilford on April 9, it became apparent that there are misconceptions as to whether or not the castle can truly be considered a castle and whether it can be considered historic.

According to Webster's Dictionary, the definition of a castle is a large building fortified against attack with thick walls, battlements, and towers, or a large, expensive home. Kimball Castle is, by definition, a castle.

The National Park Service, the federal organization that oversees the National Register of Historic Places, requires that a property must be at least 50 years old to be considered historic.

When a property is considered for the National Register, its age, integrity and historical significance are carefully examined. If a property is listed on the National Register, it does not prevent its demolition. Once razed, the property is removed from the register. However, its historical significance can never be erased.

Kimball Castle was placed on the National Register during the 1980s, which confirms that it is historic and its history is significant. The castle's National Register of Historic Places Inventory – Nomination Form may be viewed online by visiting the website of the National Park Service at: nps.gov.

Carol Lee Anderson


Last Updated on Monday, 14 April 2014 08:44

Hits: 127

What about George Soros? We've double standard working here

To The Daily Sun,

Last week's letters to the editor were remarkable but not necessarily very accurate.

For instance, Bernadette Loesch and I had a meeting or the minds. I have no idea of what she's talking about and neither does she, apparently. She claims Republicans have cut back and eliminated Democratic programs but gives no examples to explain this extraordinary assertion. Six years ago Obama railed against our then $9 trillion national debt, saying among other things that it was unpatriotic. Now that debt is $17.232 trillion, so I must say Republicans must have done a pretty bad job of cutting back and eliminating since the debt has been nearly doubled by Democrats in six years. Making up stories and issues, really Bernadette!

I really wish Republicans had been able to roll back and eliminate selected government programs. A couple that come to mind are the Department of Energy and of course Obamacare.

The first, created in the 1970s and charged with reducing the growing dependence on imported oil has been a complete failure. It has become a dumping ground for rewarding political activists with government jobs by both parties. If it fell into a black hole tomorrow I doubt anyone would even notice. As for Obamacare, aka the Affordable Care Act, that is not affordable by most Americans, has been changed by executive order 27 times and exempted most of the president's supporters who would not get it for free and incidentally was passed by lies, deceit, misrepresentations by Democrats behind closed doors at midnight.

Another letter I'd take issue with was from Nick Vazzana, who went off like a cannon on the Koch brothers because they are rich and support Republicans. No rich people should support anyone Nick doesn't support is the message I get from Nick. Never mind that the Koch brothers are honest hard-working successful Americans who have every right to free speech and association.

I doubt Nick has any second thoughts about George Soros setting up and supporting the left. Never mind that Soros is a convicted fellon and fugitive from justice. So what the heck he supports what Nick supports so everything is good there. No double standards for Nick, right?

Steve Earle


Last Updated on Monday, 14 April 2014 08:41

Hits: 75

N.H. Constitution now prohibits eminent domain for private gain

To The Daily Sun,

This is response to Robert Heinrich's letter in the April 12th Sun.

I understand his passion in regards to the Kimball Castle and its present state. I do not disagree with the points he's brought up. However, there is one suggestion he made that, as interesting as it is, is a non-starter, that being using the power of eminent domain.

After the disastrous Kelo vs. New London Supreme Court decision in 2005, a number of states changed their laws or amended their constitutions to prevent another Kelo eminent domain disaster. New Hampshire is one of those states that amended its Constitution, doing so in 2006.

Part I, Article 12-a states: (Power to Take Property Limited.) No part of a person's property shall be taken by eminent domain and transferred, directly or indirectly, to another person if the taking is for the purpose of private development or other private use of the property.

Taking the Castle by eminent domain and "selling" it to the Wildlife Forest Committee could be construed as violating the section of the state Constitution quoted above because the committee is not a public organization, meaning it is not part of the municipal or county government, but a private one. It might not matter that the committee will make the property open to the public. It would still be private property.

Then there's the matter of how much would the town compensate the present owner of the castle and for how much would the town "sell" the property to the Wildlife Forest Committee. Would it be a one-for-one price? Or would Gilford taxpayers have to make up the difference should the "selling" price be below what the town paid to the owner of the property taken? As it would apply here, eminent domain would take the town someplace it shouldn't go, despite the good intentions.

Dale Channing Eddy


Last Updated on Monday, 14 April 2014 08:37

Hits: 141

Maybe next guy wil be coming home from the Belmont gun club

To The Daily Sun,

I've got steam coming out of my ears on this one.

Let me quote what I read in The Daily Sun on April 12. Judge Jim Carroll ruled that the Franklin man who allegedly burglarized a elderly couple's home in Belmont can be freed on reduced bail in he enters an out-patient drug treatment program.

Let me stop there before I puke. According to Channel 9 News and the papers, this punk — hold on ... I have to use the word allegedly — was robbing this elderly couple's residence. They come home, pull in their driveway blocking the not-too-bright punk's car in. In desperation the punk attacks the old-timer, steals his car and takes off down Interstate 93 with a stolen car and jewelry with a multiple-police chase that ends on I-93.

Judge, you don't have to be Arpian Saunders to figure out this punk is a threat to our community.

Maybe the next Belmont resident who comes home to find a stranger robbing them was out at the Belmont gun club instead of out shopping.

Tom Sellew

Lochmere (Tilton)

Last Updated on Monday, 14 April 2014 08:34

Hits: 165

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