Was it only yesterday that I said the following?
So, President Obama gets everything he wanted, courtesy of Boehner and the House GOP leadership. He gets a payroll tax cut he can–and almost certainly will–use on the campaign trail, without having to give even any “cut in the rate of growth” cuts, much less any real spending cuts.
Yep, it was. And, lo and behold:
Building on momentum and saying “the fight is beginning to turn our way,” President Obama on Tuesday urged voters to keep pressuring Congress to pass the payroll tax cut as time runs out on an extension.
Speaking at the White House, Obama used an airplane analogy when describing the economy’s recent uptick, but acknowledged “we’re not at cruising altitude yet” and Congress shouldn’t pull the plug before that happens.
“The last thing we need is for Washington to stand in our way,” Obama said. “And first and foremost that means Washington shouldn’t hike taxes on working Americans right now. That’s the wrong thing to do. But that’s exactly what’s going to happen at the end of this month, in a couple of weeks, if Congress doesn’t do something about it.”
Thanks, Speaker Boehner. You gave the President a talking point he’ll use from now till November.
Just curious, but exactly when would it be appropriate to publicly wonder exactly which side the Institutional Republicans were on in reality?
Some of us stopped wondering a while ago.
Subotai Bahadur
That’s okay, but just one more thing.
I might not be the greatest genius in the world, but it seems to me that if we have to pass tax cuts or else we hurt working Americans, and we have to pass a big stimulus or else we hurt working Americans, then where does the money come from? I know me and the missus, if we do that sort of thing all we do is run up the credit card bill and eventually end up having the interest be the biggest part of the family budget–and we could never pay down the bill on my salary. So I was just wondering about that. Where does the money come from?
It comes from our kids and grandkids. We are selling them into debt slavery.
Oh, we’re paying for it already. Call it the mortgage tax and you’ve got it. The only way I know about this is because I’m hoping to get the first home purchase through before the mortgage tax applies.
No,no Kate, we aren’t paying for it. We are paying for the debt that was run up in our father’s and grandfather’s time. What’s going on now will be paid for by our children’s children.