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Overnight Thread-Sunday Edition [CDR M] »
July 10, 2011
I'll Gladly Cut Spending On Tuesday For a Tax Increase Today
The WSJ opinion page lays the game out in the open: Taxes Upon Taxes Upon . . . Obama wants $1 trillion in taxes on top of what he's already signed.
We think this was the President's spend-and-tax plan from the very first. Run up spending and debt in the name of stimulus and health-care reform, then count on Wall Street bond holders and the political establishment to browbeat Republicans into paying for it all. He apparently didn't figure on the rise of the tea party, or 1.9% GDP growth and 9.2% unemployment two years after the recession ended.
Bingo!
Even the biggest GOP squish (lookin' at you, Senator Brown) should agree that this is a hill worth dying on.