Wednesday, March 13, 2013

A Fundamentally Unserious Party

So Senate Democrats, for the first time in 4 years, have released a budget proposal.  It's contents are depressingly unsurprising, tax-and-spend policies that Democrats always pursue.  Meh.

However, there were somethings this brings up that we should look at.

From the report:
The plan calls for $975 billion in new tax revenue through closing loopholes and ending deductions and credits benefiting corporations and the country’s highest wage earners.

Like all "tax increases" this is a load of bovine fecal matter.  First off, raising tax rates- whether through marginal rate increases, or "closing of loopholes" never generates much more revenue.  Instead, it depresses GDP.  Oh, certainly, people will have less money to take home, but that won't be because the Government is actually taking in much more.

Then there's that whole "deductions and credits benefiting corporations and the country's highest wage earners."  This, like "tax increases" is complete horse hockey.  The US Tax Code does not give Bill Gates a single deduction for which you could not qualify.  Not one.  It does not give Exxon-Mobile a single deduction for which Joe's Pizzaria down the street could not qualify.  Not one.

That whole line of argument is a lie.  It is a damnable lie and the Democrats and Media should nto be allowed to keep getting away with it.  Closing those "loopholes" will hurt middle-class families far more than it would hurt the rich, and that's not even taking into consideration the fact the Rich have options the middle-class do not regarding wealth management (hint: there's a reason it's called the Income Tax).

Here's another one:
It also calls for $100 billion in new stimulus spending while cutting $1.85 trillion from the deficit over 10 years. The rest of the savings would come through spending cuts.

First, let's assume that they were serious about this (they're not: it's another lie).  Our deficit for last year alone was well over $1 Trillion.  They want to cut that over 10 years.  Yeah, that's serious budget management right there.  As for "spending cuts" they're crying over an approximate 2% cut to the rate of growth from the sequester.  They seriously expect us to believe they're going to cut spending?

Those both lead to this:
Senate Budget Committee Chairman Patty Murray said the budget takes a balanced, “pro-middle-class” approach and argued the country’s economic problems started long before fellow Democrats entered the White House in 2009.

Yeah.  Not so much.  Another bald-faced lie.

And whose fault is all this, you ask?  I'd give you three guesses, but you'll only need one:
“Despite some of the rhetoric you may hear from my Republican colleagues, the Great Recession didn’t start the day President Obama was elected,” said Murray, D-Wash.

Ah, yes.  Boooooosh!  Good to know.

This is fundamentally unserious.  It is designed only to generate spin and run news cycles.  It continues running up the debt and making our situation yet worse.  But the Democrats now would have you believe we don't have a spending problem.  Nope, we're not spending too much, we're spending too little.

It is a fundamentally unserious proposal from a fundamentally unserious party.

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