Mel - in response to your query on B2.
Posted by
Dr.Vermin (aka Dr.Vermin)
Dec 8 '10, 10:09
|
Increasing debt is always bad. I am certainly not saying that tax cuts without spending cuts are good.
And the more I read, the closer I get to being as upset with this current agreement as y'all are. As Krauthammer says, Obama "just actually got the Republicans to agree to a huge second stimulus. Essentially we�re going to now have $900 billion less of revenues � over the next two years, all borrowed from the Chinese, which is a huge fiscal stimulus infused into the economy in the year 2011 and 2012 � which are exactly the two years in the run-up to Obama�s reelection. This is the kind of stimulus a president would dream of in a weak economy in which he needs a strong economy if he�s going to win reelection."
The only thing I've been arguing over the last day or so is against some of the 'soak the rich!' rhetoric and that the only way to lower the defecit is by taxation and the concept that not raising someone's taxes is "giving them money". It's not the government's to 'give'.
Cutting spending should be our first and sole priority, but I recognize that that's probably the hardest thing to do.
|