06 November, 2010

Headline Of The Day

Obama calls for compromise, won't budge on tax cuts


“At a time when we are going to ask folks across the board to make such difficult sacrifices, I don’t see how we can afford to borrow an additional $700 billion from other countries to make all the Bush tax cuts permanent, even for the wealthiest 2 percent of Americans," the president said. "We’d be digging ourselves into an even deeper fiscal hole and passing the burden on to our children."

Hey champ. If you hadn’t saddled us with a $10 trillion health care program, or a $1 trillion stimulus package that doesn’t stimulate anything, or had shown any inclination at all to reign in spending from any department, then maybe, just maybe, we could afford such a thing.

Anyway, the trickle-down economics theory still is justified. These are the people who create the most growth in the American economy. It’s foolish, criminally so, to raise their taxes in the middle of an economic downturn. If, after two years, you are still unable to grasp this simple fact, maybe it’s time for you to look for a new job. You’ve obviously failed at this one.

Until and unless you can make a rational argument in favor of raising these taxes, you don’t get to talk about the “cost” of not doing so.

Besides, as I’ve noted before, your math is faulty. Hardly surprising, since you keep listening to the likes of Dr. Paul Krugman, Idiot-At-Large.

Don’t call for compromise until you’re planning on doing some yourself. Until then, it’s just hot air.

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