Posted on 09/13/2010 8:11:01 AM PDT by John Semmens
The coming tax hike scheduled for January 1, 2011 has a lot of economists and business people worried. Not even Keynesian economics favors boosting taxes in a time of recession. Nevertheless, President Obama is adamant in his position that the tax hike take place.
“I will grant that the idea of a tax hike during a recession is counterintuitive,” the President said. “However, the key is how the money is spent. I’ve heard the arguments saying that families might need this money for that businesses could use it to hire more workers. But these are very ‘iffy’ possibilities. I can absolutely guarantee that these hundreds of billions of dollars would be immediately put to the best conceivable uses. So, I’d have to say I can’t let Congress interfere with the transfer of this money to the government because I have better things to do with the money.”
In related news, Pennsylvania Governor Ed Rendell (D) branded Republican opponents of higher taxes and government spending as “fruit loops” and “flat-out crazy.” “For anyone to argue in this time of economic crisis that individuals could do a better job with their resources than the government can is just plain nuts,” Rendell contended. “Individuals are motivated by petty, selfish concerns. The government has the national interest to contend with. It needs to have full access to whatever resources are available.”
(Excerpt) Read more at azconserv1.wordpress.com ...
...but he doesn't actually guarantee it.
...since he can't.
I’m just here for the dupes...
Thanks for the head shakin’ chortle John.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.