Monday, July 11, 2011

Following Republican Logic is Hazardous to Your Health

You can take your pick on who said what.  Between Boehner, McConnell, and Cantor, it all adds up to crazy shit.  The GOP is against a $4 trillion spending cut plan because they are concerned about the paltry revenue increases.  Try and follow the logic here.  They claim that it is not acceptable to consider tax increases because it is taking money out of the economy and putting it into the treasury.  OK.  With me so far.  But, they are perfectly OK with a $2.5 trillion spending cut because, well, that takes money out of the economy and puts it into the treasury.  Did you blink?

Let's review again.  They don't want to increase taxes because that takes money out of the economy.  Instead, they would rather cut spending in a Draconian way instead, because that takes money out of the economy.

Also, when they talk about the tax increases for the wealthy, the refer to them as the job providers.  Um, no, that is called trickle down economics and I think we can all agree that was a failure.  But, hey, let's try the same thing again, because it just may work.  Instead, they want to cut taxes.  Well, guess what, we extended the Bush tax cuts about 7 months ago.  Did it help?  Nope.  It didn't help in 2001 or in any of the years leading up to the renewal.  Do you know what those "job providers" do with the money they save on their taxes?  Yep, they invest it in Wall Street, so they can make even more money for themselves and the suits on Wall Street.  Then guess what happens, they want to cut the capital gains taxes so they can save even more of their saved money from taxes.

Our national problem is jobs, not the deficit.  We have record low interest rates and no one right now has any issue letting the US borrow money from them, at least until the GOP fucks it up by holding the debt limit hostage.  We need jobs, which means we need government spending.  Not cutting.

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