Deficit Anyone?

Sometimes stereotypes are created because they are true. Tax and spend = Democrat.

Did you see what the White House tried to slip into the slowest part of the news cycle (late Friday/early Saturday) last week? OBAMA'S DEFICITS ARE OUTRAGEOUS! And very few people seem to care.

Washington Post:
http://www.washingtonpost.com/wp-dyn/content/article/2010/07/23/AR2010072304101.html

New York Times:
http://www.nytimes.com/2009/10/17/us/17deficit.html?_r=1

Fox News:
http://www.foxnews.com/politics/2009/10/07/budget-deficit-hit-record-trillion/

You have to love this crap from the Fox News article:
"History has not been kind recently to presidents who tackle the deficit. President George H.W. Bush lost re-election in 1992 after violating his 'no new taxes' promise. His successor, Bill Clinton, lost control of Congress in 1994 after pushing through a deficit-reduction plan laden with tax hikes."

Wow, you can't write a much worse article that that. The presidents mentioned were unpopular because they RAISED TAXES, not because they tackled the deficit.

Anyway, the Democrats would have us believe that there is no choice but to raise taxes--and that is exactly what they will do. We've known it all along.


Check out the commentary from the Heritage Foundation:
http://heritage.org/Research/Reports/2010/06/The-Three-Biggest-Myths-About-Tax-Cuts-and-the-Budget-Deficit
"The annual federal budget deficit is projected to reach 8.3 percent of gross domestic product (GDP) by 2020—more than three times the historical average of 2.3 percent. This dramatic increase in the federal deficit will be exclusively the result of increasing spending, not declining revenues (or the 2001 and 2003 tax cuts). Rapid growth in Social Security, Medicare, and Medicaid costs and interest payments on the national debt will cause virtually all of this new spending. Any sustainable fix must therefore address the source of the problem—rapidly rising entitlement spending."

http://blog.heritage.org/2010/07/23/white-house-confirms-continued-trillion-dollar-budget-deficits/

The thing is, Democrats will use this as an excuse to raise taxes, all the while ignoring the fact that the tax increases will kill the economy. It is very possible (likely, in my opinion) that raising taxes won't raise government revenue at all! The increased taxes will kill the economy ... again.