Hey, baby: Want to see my stimulus package?
This is the latest in the Administration’s history of turning “record surpluses into record deficits,” declared Majority Leader Harry Reid, while Senate Budget Chairman Kent Conrad warned about “more deficit-financed tax cuts tilted to benefit the wealthiest.”ÂÂ
Lost amid the faux political outrage is the direct role that these worthies are playing in creating this larger deficit, thanks to the bipartisan $150 billion “stimulus.” This non-stimulating stimulus will largely take the form of tax rebates and credits that will do little to change economic incentives. Thus they will result in a nearly dollar-for-dollar revenue loss to the Treasury, expanding a deficit that was already going to climb to $219 billion thanks to slower economic growth and faster spending.
Let’s hope Republicans appreciate the irony, because no doubt Democrats do. By signing on to a bigger deficit for the sake of election-year stimulus, Mr. Bush is making it easier for Democrats to wave the red ink as an excuse to justify repealing his 2001 and 2003 tax cuts next year. ÂÂ
Here’s a place where you can fax your Congresscritters to ask that they vote against permitting as many as 3 million illegal aliens to collect as much as $600 apiece in tax “rebates.” Do you suppose that that would be regarded as foreign aid by UNESCO?
Check out Bret Stephens on “American Declinism,” as well.
A country that won’t drill its own oil doesn’t need a stimulus package. Except maybe send everyone a coupon for Top Ramen. Ooh. Recipes!
Miso horny?
Whoa! When I want my package stimulated, I don’t ask Washington.
Kerry Washington, maybe. (Google her, people!)
Let’s have some perspective. Shall we?
Look here, mishu. When I want some perspective, I’ll invent it . . . in my brain.
I’ll be in my bunk.
I agree completely with HAPPYFEET!
You really want that $600 Dan.
Happy, you’re 100% right. But if you don’t vote for McCain against the Dems then you’ll have to toss my Ramen noodles.
I think you’re too good a man to be tossing noodles. You’ll come around. I have faith.
“The Reagan military buildup and the deficits that went with it, he warned, had brought the United States to the point of “imperial overstretch.” Not quite. Within a few years, the Soviet Union collapsed, Europe and Japan (with no military burdens to speak of) entered a long period of economic stagnation, and the U.S. consolidated its position as the world’s only true superpower.”
Yeah. We have a lot more Indian Gaming Casinos since then, too.
Every once in a while, some schmuck screams “Bingo!”
And it always pisses you off, doesn’t it Cleao, that it’s never you doing the screaming.
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Obama would never have done this soft tyranny had he not seen the bottom dropping out of this poll numbers.