Sunday, December 9, 2012
Obama To Fiscal Conservatives: Go To Hell
Even though I often disagree with the President's policies, I assumed that his calls for a "balanced approach to deficit reduction" were issued in a spirit of honesty and good will. As much as it pains some conservatives to admit, for fiscal and political reasons, all reasonable approaches to deficit reduction must include increases in revenue. Although the President's plan to increase taxes on the wealthiest Americans would barely make an impact on our rising debt, the unwillingness of Republicans to accept it, made me question their willingness to put the welfare of the country above petty partisanship. But, when I learned that the white house's plan to avert the fiscal cliff included $200 Billion In Stimulus Spending, my belief in the President's goodwill was substantially diminished. Let's look at the math: when we subtract the benefits ($56 billion) of the tax increases from the cost ($200 billion) of the stimulus measures, we are left with a net loss of $144 billion. Hence, the underlying message of this dubious additional to the President's "balanced" plan is: I won the election; fiscal Conservatives, go the hell.