E.J. Dionne accurately predicts that after the Congress passes a health care bill (it will)--a bill likely to cost upwards of $900B when all is said and done--it will move on to tackling the pesky unemployment rate (now nearly 10%) with a second stimulus bill.
You remember the first stimulus, right? Nearly $800B for a bill that rewarded virtually every constituency that voted for President Obama, and threw a bone to Republicans by providing a tax break largely to people who don't pay taxes anyway? Well, EJ would have us all believe that this recession is just so pesky that the first stimulus just wasn't enough--and by the way, the $70B that went to adjusting the rapacious Alternative Minimum Tax? Well--that is the straw that broke EJ's back! Never mind the nearly $400B that went to non-stimulative initiatives. No, he'll quibble with one that put spending money back in people's pockets--people who EARNED the money in the first place.
Be wary of these people (Democrats) friends. Very wary.
To help make this "plan" budget neutral, it calls for over $500B in Medicare cuts - cuts that will NEVER HAPPEN. So let's be honest and double that $900B pricetag.
ReplyDeleteI've come to the conclusion that these guys can't be this stupid. They are riding the economy straight off a cliff and there must be a reason.
ReplyDeleteThink about this, in WWI the commies in the Reichstag abandoned their antiwar position and voted with the Kaiser for the war. The reason was Communists believe great change comes through crisis and conflict and they thought the war would precipitate a power shift in their direction. It was a cynical power grab that didn't work but nevertheless they tried it.
Could this be what's going on?