It would be fiscally irresponsible for us to permanently extend the high-income tax cuts. I think that would be a mistake, particularly when we've got our Republican friends saying that their No. 1 priority is making sure that we deal with our debt and our deficit.
This isn't an eye opener, at least not anymore for me, but it sure is a great reminder of just where on the political spectrum our Comrade President preaches from.
ALL tax and economic experts that are politically unaffiliated will tell you that lower taxes leads to economic growth. All of them. And its not just an educated opinion- its historical, mathematical fact. Taxes go down, productivity and revenue go up. Isn't that what the government is looking for? Its a very simple concept. You decrease the rate at which you take money from your citizens' pockets. They feel they now have a better chance to make more money, so they work harder, invest more deeply, and do all of the things that help an economy grow. And they make more money- which leads to increased tax dollars paid, even though its a lower percentage.
The second part of his statement is... Its hard for me to even make a comment on it. Read between the lines a little bit, however, and you can divine some very important information; what he's saying is Republicans care about the financial health of the government and the country, and that he, and liberals in general, do not. The phrase "deal with our debt" is very telling. He thinks that he can run the government and not "deal" with the debt and deficit? If you ignore the big bad monster, will it go away and leave you alone?
These comments reflect the epitome of liberal thinking: fanciful ideas with disastrous consequences.
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