Let's us do a reality check. Do the conservatives really want to lower the deficit? If so, the largest cut they could do would be to rescind the bush tax cuts for the wealthy. Do they really want to create jobs? Well then the best scenario would be to extend unemployment for the unemployed, and fund infrastructure repair with that 720 Billion they are trying to give millionaires and billionaires. The absolute absurdity of their legislation astounds me and many, 67% of the people are against that. So, is there one honest conservative? I seriously doubt it, maybe Ron Paul, but he is so outvoted that he really doesn't count in the total realm of votes.
Oh boy, the fun never ends here.
One more lame Meddie thread beginning with a faulty premise.
And Bongspit chiming in even! Happy day.
I wonder how loud the wailing will be coming out of the Proggie corner when the Republicans
take over the House next month?
They are the
Obama Tax cuts
now. More Democrats voted for the bill in the House than Republicans. Choke on it.
Not extending the tax cuts would be a
tax increase. I love how all them "honest" Donks opposed to the bill
fail to mention
that. And
every time the government raises taxes it increases spending. Without exception. It is not an isolated phenomenon. It does not occur sometimes.
Every time.
And I'm no huge fan of John F. Kennedy, but even he knew that cutting taxes increases government revenue just about every time. I say 'just about' because it depends on the specific type of taxes cut. Moreover, if you compare tax revenues as a percentage of GDP, it happens every time regardless of the type of taxes cut. Obama acknowledged this, but rationalized high taxes as a matter of 'fairness.' Which is
not the purpose of taxation. The purpose of taxes is to fund the
legitimate functions of government. Period.
If you are looking at reducing the deficit there is really only one area to look at if one is serious about eliminating it: cut spending. It could be done. There is
so much low-hanging fruit in the Federal budget it would be impossible
not to find something to eliminate.
And to put a really fine point on it, the problem would solve itself if the Federal government would confine itself to the bounds set forth by the U.S. Constitution.
Unemployment? Hardee har har. Empty calories. And borrowing the money to pay for the extensions transforms something that has nominal value as far as economic activity is concerned into something harmful in the long run.
And as long as we're being
honest, that 720 Billion price tag you faithfully
parrot covers
ten years of estimated tax revenue from the "rich." Since the President signed an extension for
two years, riddle me this: How does that come to 720 Billion dollars
given to Millionaires and Billionaires?
And how do you
give something to someone that
already belongs to them?