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Wednesday, December 8, 2010

Video: Judd Gregg schools Mitchell on “paying for” tax cuts

This is awesome, and goes along the lines I have mentioned many times in this blog (such as here: Paul Krugman: All money is government's money): tax cuts don't get "paid for" because it's not the government's money in the first place. It's ours. Judd Gregg blasts Mitchell for implying that all money is the governments:
via Ed Morrissey. Judge Napolitano hits this mentality straight on in this segment (Video of Judge Napolitano : Who Owns Our Income ? Us Or The Govt ?):
The above is the mindset of the statist believing all wealth to be the government's and anything not confiscated is a giveaway to the earners. So much for the federal government being a limited one, no? That 'cost' of the Bush tax cuts is from someone's imgaination. Matter of fact is that the FY 2007 federal budget - the last one put together by Republicans - was $2.7 trillion. Since Pelosi and Reid took over the federal budget is at $3.8 trillion. The deficit is entirely comprised of new Democrat spending since 2007. We don't have a revenue problem. We have a spending problem.







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