I heard on local radio this morning a talk host claim the debt downgrade and stock market problems are all the fault of the Tea Party, following the Dem talking points. But he then claimed the reason it's their fault is because they're right. Not right wing, but factually right. They understand the problem and want to fix it.
His beef with the Tea Party is they've drawn the line at allowing any new taxes, and he's one of these guys who thinks we'll have to have new taxes to fix the problem. He's wrong.
If we passed a trillion dollar tax hike today do you think our deficit or national debt would decrease by a trillion dollars? Of course not, because as soon as the ink was dry on Obama's signature Dems would demand a trillion (or likely more) in new spending to "stimulate" the economy. After all, we'll never grow out of our problems until we have enough construction workers sitting on their shovels waiting for their union-mandated break to end.
The Tea Party is absolutely correct to hold the line on tax increases. Giving the government more money will not end our debt problems. Stopping them from spending will.
Wednesday, August 10, 2011
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They'd like us to pay $10 for a gallon of gas. Making the insane assumption that the current $3.50-4.00 per gallon (gas, tax, title, license, & fees) is a fair price, where would the extra $6.00-6.50 tax go? I.e., what would it be used for?
It would get spent willy-nilly. Not to pay down the deficit.
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