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April 17, 2011
Fareed Zakaria Shows He Is Still A Dishonest Liberal Tool [CDR M]Last week over at Clarion Advisory, I talked about Zakaria and his post on why Ryan's plan won't work. I thought at the time that I couldn't wait to see how he would respond to what Obama was going to say at his speech. Well, Fareed has responded and I'm not surprised. He loves it. Or at least he loves Obama. Shockingly (sarc) Fareed does not say that Obama's plan won't work like he did with Ryan.
Um, why aren't you slamming Obama's proposal because it IS full of flaws in regard to magical assumptions about economic growth, tax revenue, efficiencies and cost reductions? Hasn't EVERYTHING he has predicted budget and economic wise been WAY off the mark? Heck, this is the second time Obama has strayed from the standard 10 year outlook to stretch the data to fit his statements. His new proposal goes out to 12 years vice Ryan's 10. Shouldn't that make you question the proposal and the validity of its assumptions? I assume the only reason why you like this is because of this magical failsafe but as Keith Hennessey points out, that is nothing more than a tax being levied at taxpayers who itemize their deductions which is a very small percentage of taxpayers. Worse, this failsafe only applies to 10% of the federal budget. 90% of spending would be EXEMPT from across the board cuts. If we are in dire straits and a trigger is enacted to raise taxes, shouldn't ALL spending be affected? Why is it acceptable to have elected officials fail at balancing the budget in your eyes and instead rely on the taxpayers who itemize to pay for their egregious dereliction of duty? It really is pathetic of you Fareed to go after Republicans and then take a pass with Democrats when they absolutely fail to address things in the budget that you say are important. This failsafe is a JOKE and you are a joke for endorsing it. Where IS the incentive for lawmakers to address budget shortfalls if the ONLY penalty is to raise taxes on a select group of taxpayers and only cut spending in 10% of the budget??? As you have stated before, Ryan's budget was a SERIOUS attempt at righting our sinking budget. Can you really the say the same with Obama's proposal? If anything, it reads like a short term gain for political reasons, like say maybe for the 2012 election. It has NOTHING to do with the long term financial health of the United States. Surely, a man with your supposed education could see through that. Keith Hennessey did.
Nice try Fareed. You said Ryan's plan wouldn't work. I think you could easily say the same about Obama's proposal but you won't. You don't have the stones to challenge Teh One. Cross posted over at Clarion Advisory. | Recent Comments
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