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Politics : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?

To: Kenneth E. Phillipps who wrote (78319)	1/27/2010 2:31:57 PM
From: TimF	3 Recommendations Read Replies (1) \| Respond to of 224878

Reenactment of the Bush tax cuts would increase the 2011 deficit by $276 Billion. 1 - The CBO uses static analysis on such projections. Cut taxes by x% and they assume x% less revenue. The real world doesn't work that way. The actual reduction will be less since lower taxes are healthy for the economy. 2 - $276 bil is a lot less than all the stimulus and bailout money Obama's tossed around, and avoiding a tax increase would be a more positive thing for the economy than the trillions Obama's spent.

To: Kenneth E. Phillipps who wrote (78319)	1/27/2010 2:33:24 PM
From: longnshort	2 Recommendations Read Replies (2) \| Respond to of 224878

‘It Stinks to High Heaven’: MA Democrat Rips Secretary Geithner "It makes me doubt your commitment to the American people." breitbart.tv

To: Kenneth E. Phillipps who wrote (78319)	1/27/2010 2:39:18 PM
From: longnshort	6 Recommendations Read Replies (1) \| Respond to of 224878

Krauthammer's Take [NRO Staff] On President Obama's "spending freeze": It's not a hatchet. It's not a scalpel. It's a Q-tip. It's a fraud. This is a miniscule amount. It excludes Defense, Homeland Security, Veterans Affairs. It excludes all the entitlements, which are 60 percent of the budget. It excludes stimuli past and future — the two thirds of the near trillion-dollar stimulus that has not been spent. All of that is excluded. It excludes the $1 trillion that would end up being spent on health care if it were passed. What it is, is a $15 billion reduction in a year, 2011, in which the CBO has just announced we are going to have a deficit of $1.35 trillion, which means it is — it's a rounding error, it's lunch money. . . . This isn't a real cut. It's an appearance of cuts. It's a maneuver as a response to what happened in Massachusetts because he lost the independents – Obama – 3-1, and he knows independents worry about debt and deficits and spending. . . . So he announces a freeze which is meaningless. Remember, these departments enjoyed a 20 percent increase in budget as a result of what Obama and the Democrats had done in 2009. So you are freezing [discretionary spending] at an extraordinarily high and unusual [level]. The Corner - National Review Online (27 January 2010) corner.nationalreview.com Recommend \| Keep \| Reply \| Mark as Last Read