Don't Forget the $3 Trillion!
Neal Boortz
June 1, 2001
Just a friendly reminder. The Congressional Budget Office reports that by the year
2011 – which is the year many of the tax breaks in the new so-called tax cut bill cease
to exist – the Congress of the United States will have amassed THREE TRILLION
DOLLARS in "uncommitted funds."
That amounts to $30,000 for each American household. About $6,700 for every
American wage earner. Your money, not theirs – but they are going to be controlling
where it goes and how it gets spent. You can bet your last ruble that it will be used to
enhance the power of government.
And Some More Phrases to Remember
I got a lot of response from that Slate.com article I read on the air yesterday. The
article, written by a self-confessed big government liberal, detailed just why liberals
should not be upset by Bush's tax cut and his 4 percent restriction on the growth of
government spending.
Here are some loose quotes from the article:
"Democrats seem to have lost faith in their governing appeal. Whatever happened to
Tax and tax, spend and spend, elect and elect? While no politician likes to cast a vote
to raise taxes, it can be done. Taxes were raised in 1983 under Reagan, in 1990
under Bush I, and in 1993 under Clinton."
"…the delay [in implementing the bulk of the Bush tax cuts] gives the Democrats time
to prevent the cuts from ever happening."
"Even those Bush tax cuts that do go into effect will increase the ability and
willingness of taxpayers to be taxed later. In essence, Bush's budget takes the money
Democrats will need and stores it with the taxpayers – for collection at a later date,
when Bush is out of office. Yes, yes, it stores the money mainly with rich taxpayers. But
that's OK. We know where they live."
"Every dollar he [Bush] saves today is a dollar we can spend tomorrow."
Are you listening?
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