The U.S. economy faces hurricane force headwinds and the government is at the center of the storm, making an economic recovery very difficult. While political leaders trumpet their ideological attempts to remake the economy and save âsmall businessâ, more and more ordinary folks are wondering what in the world are they are thinking. Either policymakers have no idea how to help the economy or they are intentionally committing it to unsustainable expenditure growth and deficits so large that there will be no alternative but to raise taxes, a slow suicide for a dynamic economy. Fear is growing that the âlame duckâ session is not so lame and could produce legislation that permanently paralyzes the economy. Cities, states and even sovereign countries are teetering on the brink of bankruptcy while government workers and favored union workers reap benefits and wages far better than their private sector counterparts. With an unemployment rate of nearly 10 percent, the President travels the country touting the health care bill that few like, selling wealth redistribution and the need for more taxes. What should ordinary citizens and small businesses owners expect from all this? A growing and more dynamic economy? Not likely. In six months, the so-called âBush Tax Cutsâ expire which will trigger one of the largest tax increases in history. The worst financial fiascos including Fannie, Freddie, AIG, GM and others, have not yet been addressed exposing taxpayers to hundreds of billions in losses. Instead, Congress is trying to tax successful businesses. Taxing âsuccessâ is a terrible path to growth and real investment. And adding to the misery and pessimism, massive government deficits threaten future capital availability for the private sector. Paul Krugman in his N.Y. Times op-ed July 9 said, âIf we want stronger business spending, we need to give businesses a reason to spend. And to do that, the government needs to start doing more, not less, to promote overall economic activity.â Krugmanâs view seems to be shared by Washington, looks like he as well as Congress still donât get it.
If the scheduled expiration of these tax cuts will trigger one of the largest tax increases in history, the implication is that the tax cuts were among the largest in history. And how well did these historic tax cuts work out for the economy and the the national debt during the Bush years?
You mean as Obama tries to work out of the Bush excesses of low taxes and little to no financial regulation without sinking the boat? So you want to continue the course that got your economy into such turbulence to begin with? You know that clever little definition of insanity, right? The one about doing the same thing and expecting a different outcome? Oh, and I just love those 10-year projections. As someone who worked with projections in the banking sector, I can tell you that, the more far out the multi-year projections go, the more full of shit they are. Especially when the prognosticator has an agenda.
You libtards seem to have 3 main strategies: lie, blame Bush and play the race card. What would be insane is to continue to place trust in these incompetents and liars: <object width="480" height="385"><param name="movie" value="http://www.youtube.com/v/hxMInSfanqg&hl=en_US&fs=1"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="http://www.youtube.com/v/hxMInSfanqg&hl=en_US&fs=1" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="480" height="385"></embed></object>
And let's not forget Barney Frank's role and lies: <object width="480" height="385"><param name="movie" value="http://www.youtube.com/v/iW5qKYfqALE&hl=en_US&fs=1"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="http://www.youtube.com/v/iW5qKYfqALE&hl=en_US&fs=1" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="480" height="385"></embed></object> <object width="480" height="385"><param name="movie" value="http://www.youtube.com/v/xC9k3oB83z4&hl=en_US&fs=1"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="http://www.youtube.com/v/xC9k3oB83z4&hl=en_US&fs=1" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="480" height="385"></embed></object> <object width="480" height="385"><param name="movie" value="http://www.youtube.com/v/2UZ9l_AxKjA&hl=en_US&fs=1"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="http://www.youtube.com/v/2UZ9l_AxKjA&hl=en_US&fs=1" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="480" height="385"></embed></object>
Call the White House and tell that to Obama because those numbers are from his budget, NOT Heritage. Or are you saying Obama's agenda is to make himself look bad?
Perhaps the actuals. As for the projected, you'll have to show me that it wasn't a figment of Heritage's vivid imagination. Show me the Obama administration's projections from a source other than the partisan Heritage Organization of the Rabid Right.