Rep. Steve King Joins Deficit Fraud Caucus: There’s No Need To Pay For The Bush Tax Cuts
OPS_admin | Jul 28, 2010 | Comments 0
Rep. Steve King (R-IA), who spends a lot of time stoking fear about deficits under President Obama, explained on MSNBC this morning that the “difference” between President Bush and Obama is that Obama is spending far too much.
However, later in the very same interview, King threw concern for the deficit out the window, saying Congress should extend the Bush tax cuts for the wealthy, and that there is no need to pay for the $678 billion in lost revenue they represent. “You don’t have to ask for a paid-for” to offset tax cuts, King said, before making the ludicrous claim that Bush’s cuts “increased revenues”:
SAVANNAH GUTHRIE: Since you are, I’m presume, support extending the Bush tax cuts, do you think that you guys should figure out a way to pay for them, since it will add to the deficit, decreasing government revenues?
KING: [...] They have stimulated the economy. It is not paid for with offsets, those tax cuts have been in place as you characterized them, since May 28th of 2003. This is a continuation of a tax policy, so I would say you don’t have to ask for a paid-for continued tax policy. This is a tax increase if we let this happen without doing something happen about it. They have also demonstrated they increase in revenue with the capital gains as a part of that.
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Full Story: Think Progress » Rep. Steve King Joins Deficit Fraud Caucus: There’s No Need To Pay For The Bush Tax Cuts.
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If we don't change our ways soon...
A new report by the Royal Society, chaired by Nobel prize-winning biologist Sir John Sulston warns that world population must be stabilized and consumption in wealthy nations must be reduced or the entire planet is in big trouble. As the report reads: "The number of people living on the planet has never been higher, their levels of consumption are unprecedented and vast changes are taking place in the environment. We can choose to rebalance the use of resources to a more egalitarian pattern of consumption... or we can choose to do nothing and to drift into a downward spiral of economic and environmental ills leading to a more unequal and inhospitable future."This is the same warning that President Jimmy Carter gave Americans back in the 1970's - but it was ignored when Ronald Reagan came to power with a "more positive" message basically telling Americans we can do whatever we want. And then after 9/11 - Bush told us all we should go shopping and consume ever more.And now with corporations calling the shots in Washington - long-term sustainability of the planet takes a back seat to short-term profits. If we don't change our ways soon - and embrace clean, alternative energy and educate women around the plant - then we all could be headed for a rough century.-Thom(Is there any chance we will learn in time? Tell us here.) -
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