Saturday, December 11, 2010

Tax Cuts For The Rich: Democrats Care More About Idiology Than The Truth

ALL we hear about Obama's tax framework proposal from Democrats is how it's a giveaway to the rich (ie, extending the 'Bush Tax Cuts' for the rich) and to the GOP. Here are some facts about that compromise (in case you're interested in the truth!) that BOTH parties are being dishonest and irresponsible about (all info is from USA Today, 12/8/2010, page 2B):
  1. Democrats are saying that extending the tax cuts for the rich irresponsibly increases the debt. The way Dems carry on about it, the average American probably thinks that's BY FAR the most debt-hostile aspect of the compromise.
  2. In fact, extending the tax cut for the rich will increase the debt by $80 Billion and we'd all agree that's not a trivial piece of change.
  3. The way Democrats are carrying on you'd think that Obama totally caved into Republicans demands and are getting very little of what they'd want ... a big giveaway to the GOP, right?
  4. The fact you won't hear is the compromise includes other debt-increasing spending totalling $900 Billion!
  5. In Obama's compromise, 5 items totalling $544 Billion have bipartisan agreement.
  6. Of the items that have only partisan support, Democrats get 4 things totalling $336 Billion.
  7. Of the items that have only partisan support, the GOP gets 2 things totalling $103 Billion.
Let's see. On just the partisan items, Democrats get more than three times as much ... $336 Billion versus $103 Billion. How exactly does that translate into Obama "totally caving" into the GOP when Dems get a higher percentage of the partisan items than the percentage of congress they control?

Dems carry on and on and on and on and on and on and on and on about how the $80 Billion cost of extending the tax cut for the rich will blow up our debt but they don't have any problem adding over $900 Billion of OTHER stuff, $336 Billion of which is stuff only they wanted? Huh?

As annoyed as I am with how Democrats are reacting to Obama's compromise, I hafta say that all these people in congress who are willing to add this much debt are crooks and irresponsible spenders. Don't they understand how big a problem our debt is without even adding A TRILLION DOLLARS MORE TO IT? Weren't ANY of them listening in the November elections?

GOOD GRIEF!

No comments: