The ridiculousness of Barack Obama and Democrats being willing to throw the country off the fiscal cliff, kill jobs, force investors and businesses to stagnate and not grow or hire, for a tax ideology that would only fund the government for eight days, is the most moronic thing I have seen in a very long time.
In an interview with MSNBC's Andrea Mitchell, Rep. Tom Price (R-GA) said President Barack Obama's plan to raise taxes on the wealthy would only generate enough revenue to fund the federal government for eight days.
"The president’s plan to increase taxes on the upper two percent covers the spending by this federal government not for eight years, not for eight months, not for eight weeks but for eight days. Eight days only," said Mr. Price. "It’s not a real solution. So, again, I’m puzzled by an administration that seems to be more interested in raising tax rates than in gaining economic vitality."
The problem is that the rich don't have enough money to put so much as a dent in America's $16 trillion national debt. "If the IRS grabbed 100 percent of income over $1 million, the take would be just $616 billion," writes John Stossel. "That’s only a third of this year’s deficit. Our national debt would continue to explode."
If it wasn't so utterly irresponsible, it would be laughable.
PS.. Guess it is up to the GOP to be the adults in the room.
The message that Boehner wants his Republican colleagues to deliver: “We’re fighting for spending cuts. We’re fighting against increases in tax rates that destroy jobs. And we’re fighting for pro-growth tax reform and entitlement reform, the keys to economic growth.”
Boehner used a three-page slide show to prove his point, drawing on a recent poll by David Winston. The poll, displayed on blue pages and festooned by stars, displayed three statistics that bolstered the House Republican position on taxes: that tax rates shouldn’t go up on the rich, but the code should be reformed to eliminate loopholes and lower rates all while cutting spending.