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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: Lane3 who wrote (71297)	6/9/2008 5:23:59 PM
From: Katelew	Read Replies (1) \| Respond to of 542196

Don't forget that he suggested reducing the payroll tax to compensate So he'll compensate by sucking money out of social security?? How bizarre!! That's just shifting the leaches to a different body. OTOH, I guess that's in keeping with the LT right-wing attitude toward social security as an unwise, FDR social entitlement program that needs to be starved into oblivion. Like most right-wingers that want to take an axe to entitlements, they are oblivious to the fact that there are consumers behind those government checks. Cut entitlements and people spend less, thereby dampening the economy. There's only one place in the whole scheme of things out of which money can be sucked that doesn't damage the economy. That's the upper 10% of income recipients via higher income taxes. Even there it must be handled judiciously with perhaps some exemptions based on regional differences in costs of living. All in all, for him to suggest putting higher taxes on the price of gasoline with the economy reeling under the weight of the current prices....prices that are raising everything from food to toilet paper....is stunningly shortsighted. Businesses and consumers can better adjust and deal with incremental economic changes...even come out ahead in terms of structural integrity. Rapid changes (such as his idea) that would lead to bankruptcies, layoffs, and even the disintegration of industries take much longer to rebuild and overcome, in terms of economic integrity.