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Archive for August 3rd, 2010

Cantor Admits Extending Bush Tax Cuts Would ?Dig The Hole Deeper? On The Deficit ? But He Doesn?t Care

Posted in Main Blog (All Posts) on August 3rd, 2010 4:39 am by HL

Cantor Admits Extending Bush Tax Cuts Would ?Dig The Hole Deeper? On The Deficit ? But He Doesn?t Care
In recent weeks, Republicans have been trying to create an alternate reality in which tax cuts don’t add to the U.S. deficit. Specifically, these deficit frauds have been arguing that the Bush tax cuts of 2001 and 2003 — which are scheduled to expire at the end of the year — actually increased government revenue, […]

In recent weeks, Republicans have been trying to create an alternate reality in which tax cuts don’t add to the U.S. deficit. Specifically, these deficit frauds have been arguing that the Bush tax cuts of 2001 and 2003 — which are scheduled to expire at the end of the year — actually increased government revenue, and a further extension doesn’t need to be offset. Some examples:

– “That there’s no evidence whatsoever that the Bush tax cuts actually diminished revenue. They increased revenue, because of the vibrancy of these tax cuts in the economy.” — Senate Minority Leader Mitch McConnell (R-KY)

– “The Bush tax cuts led to a couple of things. They led to first of all, the largest amount of revenue being received by the government. They helped encourage economic growth and grew tax revenues.” — Karl Rove

– “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.” — Rep. Steve King (R-IA)

Today, however, MSNBC’s Savannah Guthrie pressed Rep. Eric Cantor (R-VA) to admit that tax cuts do indeed increase the deficit. Cantor tried to evade her question by saying the issue needs to be looked at “through the prism of the working families seeking jobs,” but when pressed, he conceded that her point was right.

GUTHRIE: [W]ill you just as simply acknowledge that passing these tax cuts worsens the budget deficit problem? I mean, you can’t deny that, right?

CANTOR: Savannah, let’s look at it through the prism of the working families seeking jobs and the small business people who are creating them. It’s not a tax cut they’re looking for. They don’t want a tax hike. And that’s –

GUTHRIE: But that wasn’t my question. … I just was wondering if you had any dispute with the notion that it does exacerbate the deficit picture?

CANTOR: Well, what I said in the beginning is, if you have less revenues coming in to the federal government, and more expenditures, what does that add up to? Certainly you are going to dig the hole deeper, but you also have to understand if the priority is to get people back to work, is to start growing this economy again, you don’t want to make it more expensive for job creators.

Watch it:

Basically, Cantor is acknowledging that raising taxes on wealthy Americans would significantly contribute to his professed desire to cut the federal deficit, but he doesn’t care; he’d rather cut programs (like unemployment benefits) that benefit the middle class.

(HT: Political Correction)

Texas mosque and educational center vandalized with offensive graffiti and fire, causing $20,000 in damage.
A mosque in Texas was heavily vandalized last weekend, coming in the wake of a national intolerance movement by the right wing against Muslim places of worship. On Friday, members of the Dar El-Eman Islamic Education Center, in South Arlington, found “graffiti depicting Uncle Sam and Allah in a sexual position spray-painted in the parking […]

A mosque in Texas was heavily vandalized last weekend, coming in the wake of a national intolerance movement by the right wing against Muslim places of worship. On Friday, members of the Dar El-Eman Islamic Education Center, in South Arlington, found “graffiti depicting Uncle Sam and Allah in a sexual position spray-painted in the parking lot.” Then, early Sunday morning, in a case of suspected arson, a fire destroyed playground equipment at the mosque, causing $20,000 worth of damage. The vandals also cut a pipe, allegedly thinking that it was a natural gas line. The playground equipment had been purchased with funds raised from “relatives, neighbors and friends” of the center’s students:

playground2

The mosque’s president told the Fort Worth Star-Telegram that it is “hard” for the children to understand the incident, “because this is a house of prayer.” The vandalism “is the fruit of hate,” he said. “You keep implanting fear in people’s hearts, and it makes them evil.” An open gas canister was left inside a mosque under construction in the same town last summer, and there was a separate “attack” reported recently in nearby Rockwall. Meanwhile, in Temecula, CA, where the local Muslim community wants to build a new mosque, about 20 people protested its construction Friday, carrying signs reading, “Muslims Danced for Joy on 9/11” and “No Sharia Law.”


Hamas’s Violent Message

Posted in Main Blog (All Posts) on August 3rd, 2010 4:32 am by HL

Hamas’s Violent Message

Why Obama’s Policies are Bad for Business
John Chettle, Weekly Standard
In dealing with our current economic crisis, we might remember that a recession is not a once-in-a-lifetime experience. Although economists differ on just what constitutes a recession, there have been some 47 in the United States since 1790. There have been 11 since 1945, and they have averaged 10 months in length. In truth, since World War II, it has not been an overwhelming task to bring the American economy out of recession. The sheer dynamism of our economy, the strength of its entrepreneurial drive—what Keynes called its “animal spirits”—has…

Obama’s Immigration Power Play
James Antle, The American Spectator
Last week, the Obama administration got Clinton-appointed Judge Susan Bolton to at least temporarily throw out key provisions of Arizona's immigration law. Within 24 hours came more evidence that they weren't done eviscerating immigration enforcement yet.That proof came in the form of an astonishing internal memo outlining ways the United States Citizen and Immigration Services (USCIS) could effectively legalize at least tens of thousands of illegal immigrants even if Congress fails to enact amnesty. Some would be granted resident status with the USCIS simply giving them…

Rep. Ryan Boldly Pushes Budget Reform
Perry Bacon Jr., Washington Post
Viewing him as a rising star in the party, Republicans in Congress often talk up Rep. Paul Ryan as a potential governor, senator or House leader. The lanky, youthful-looking congressman from Wisconsin has begged off, citing his young children and limited desire to spend all his time raising campaign money.Instead, Ryan is running a campaign of a different sort, one his party has so far refused to adopt: He is determined to persuade colleagues to get serious about eliminating the national debt, even if it means openly broaching overhauls of Medicare and Social Security.He speaks in apocalyptic…