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Barney Frank Gives Us a Picture of a Democratic Government

Published on October 23, 2008 in Economics, News and Politics. 0 Comments Tags: , , , , , .

A step away from tax and spend liberalism and a turn to spend and tax:

The latest plan is even worse than the spring round of $100 billion or so in tax rebate checks. At least rebates allowed taxpayers to spend their own money. Under this stimulus the government will tax or borrow $150 billion to $300 billion in order to spend the money on social and pork-barrel programs. The latest draft would direct dollars to food stamps, another expansion in unemployment insurance, home heating subsidies, more aid to states and cities, and “infrastructure” like roads, bridges and public transit. Because of Davis-Bacon wage requirements on these brick and mortar projects, a portion of the dollars would coincidentally flow to the Democrats’ biggest campaign contributors: unions. Call it a political “rebate” check.

EDIT:

Let’s be perfectly honest the spend and tax philosophy pervades government now. We have a large deficit (although shrinking as a percentage of GDP) and spending along with the size of the government are increasing. This video makes it clear that the intent is to run up a deficit to crisis levels while enacting entitlement programs that cannot be reversed. Then, finally, taxing the ‘rich’ to pay for it.

Oh yeah, and in case you were wondering who the rich are…its the people we (and all of our colleagues in college) want to be in 5 years.

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