Kristof: Raise America’s Taxes

Don’t you just want to throttle these lying little f**ks;

There is no single reason for today’s budget mess, but it’s worth remembering that the last time our budget was in the black was in the Clinton administration. That’s a broad hint that one sensible way to overcome our difficulties would be to revert to tax rates more or less as they were under President Clinton. That single step would solve three-quarters of the deficit for the next five years or so.

Kudos to Mr. Obama for boldly stating that truth in his speech — even if he did focus only on taxes for the very wealthiest. I also thought he was right to say that we need spending cuts — including in our defense budget.

Yeah, Clinton balanced the year-over-year budget for two years by cutting the military so badly that when we needed them, during the Bush Administration spending increased dramatically. While the Clinton military actions consisted of firing off a few missiles left over from the Gulf War without replenishing the stocks. Clinton was dragged kicking and screaming towards welfare reform which saved him a pretty penny, too. As I mentioned earlier today, he benefited from Roth conversions in the first few years of that tax shelter that liberals now want to eliminate.

It’s funny how liberals can only think of raising taxes – even though the Bush tax cuts increased tax revenues. The only waste they can see is in defense spending – even though rebuilding the military is always more costly than maintenance, in money and lives.

ROS sends us this link from the Wall Street Journal;

Mr. Obama then packaged his poison in the rhetoric of bipartisanship—which “starts,” he said, “by being honest about what’s causing our deficit.” The speech he chose to deliver was dishonest even by modern political standards.

Category: Barack Obama/Joe Biden, Economy, Military issues, Taxes