Sidestepping the turmoil in the housing market and the credit problems associated with it, President Bush said today that the nation's economy was strong and would remain so if Congress steered clear of tax increases.
But he would not rate the risk of recession, saying, "You need to talk to economists. I think I got a B in Econ 101. I got an A, however, in keeping taxes low."
2 comments:
Sounds like Bush is appealing to the lowest denominator...i.e. people that are more concerned with take home pay than anything else. Now I can certainly understand that viewpoint but this is yet another example of how politics is tossed into a Democrat v. Republican forum rather than a GOOD v. a BAD for the country. I'd TAKE an increase if I had faith in this administration's fiscal responsibility.
Interesting take, Brian. I'm with you on agreeing to take a tax increase if I could guarantee that the money would be spent appropriately (not new programs, but actually paying for existing ones and paying down debt). I wonder if we are out of step with most Americans, or if they would agree to the same.
Sadly, I've grown accustomed to politicians from both parties having zero fiscal discipline and piling on the pork for their pet projects. In my book, if you can't pay for it, you don't need it. So, if you want to start a new program or expand an existing one, then you must raise revenue, most likely through increasing taxes. A politician won't win a lot of votes by running on that platform, be he or she would certainly have mine.
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