« | »

NYT: We’re Not Broke, Just Raise Taxes!

From, where else, but the editorial board of the New York Times:

The Hollow Cry of ‘Broke’

Published: March 2, 2011

“We’re broke! We’re broke!” Speaker John Boehner said on Sunday. “We’re broke in this state,” Gov. Scott Walker of Wisconsin said a few days ago. “New Jersey’s broke,” Gov. Chris Christie has said repeatedly. The United States faces a “looming bankruptcy,” Charles Koch, the billionaire industrialist, wrote in The Wall Street Journal on Tuesday.

It’s all obfuscating nonsense, of course, a scare tactic employed for political ends. A country with a deficit is not necessarily any more “broke” than a family with a mortgage or a college loan.

There is Charlie Sheen crazy. There is Moammar Kaddafi crazy. And then there is the New York Times.

Still, someone should tell the countries of Europe and the International Monetary Fund that gigantic deficits are nothing to worry about. They should just think of their debts as college loans. They will be tremendously relieved.

And states have to balance their budgets. Though it may disappoint many conservatives, there will be no federal or state bankruptcies.

Only because there is no mechanism for the nation or any states to go bankrupt. It simply isn’t technically possible. But if it were, many states would go ‘Chapter 11,’ as probably would the country. Once again, just ask the EU and the IMF.

And, for the record, The Times adamantly opposed the balanced budget requirements that the states now all have — apart from Vermont. Just as The Times has fought a Constitutional balanced budget amendment for the federal government.

The federal deficit is too large for comfort, and most states are struggling to balance their books. Some of that is because of excessive spending, and much is because the recession has driven down tax revenues. But a substantial part was caused by deliberate decisions by state and federal lawmakers to drain government of resources by handing out huge tax cuts, mostly to the rich. As governments begin to stagger from the self-induced hemorrhaging, Republican politicians like Mr. Boehner and Mr. Walker cry poverty and use it as an excuse to break unions and kill programs they never liked in flush years

You see? It’s tax cuts that have made Europe and so many states and cities here in America go broke. Greece, Spain, California, New Jersey, New York — they are all facing tremendous debt because of their tremendous tax cuts. It’s as plain as the nose on your face.

But now voters are starting to notice the effects of these cuts and to get angry at the ideological overreach. A New York Times/CBS News poll published on Tuesday showed that Americans oppose ending bargaining rights for public unions by a majority of nearly two to one.

And the poll sharply refutes the post-Reagan Republican mantra that the public invariably abhors all tax increases. Nearly twice as many people said they would prefer a tax increase to cutting benefits of public employees or to cutting spending on roads.

And here we see the only reason the news media even bother to do their push polls. They use the skewed results to buttress their preposterous claims, which nobody would believe otherwise. These are tactics that would have made Joseph Goebbels blush.

The ‘poll’ last November and the rise of the ‘Taxed Enough Already’ Party should tell you all you need to know about how Americans feel about raising taxes rather than cutting government spending.

Perhaps because of the economic downturn, voting among union households was sharply down last November, which may help explain some of the Republican gains. Mr. Walker and his fellow Republicans, may wind up turning that around next year.

Threats? Why not just note how some people actually need their kneecaps to get around?

By the way, the New York Times, like every other newspaper in America, has practically been destroyed by its unions. You would think they would know better by now. But once again we see the triumph of ideology over experience.

But after all, what can you expect from a newspaper that is so out of touch they think people will pay money to read their articles online?

This article was posted by Steve on Friday, March 4th, 2011. Comments are currently closed.

10 Responses to “NYT: We’re Not Broke, Just Raise Taxes!”

  1. bill says:

    Charlie Sheen crazzy … LOL … That’s the best description yet of the lefturds reasoning.

  2. untrainable says:

    We can’t be broke!?? We still have checks!!!
    Who are these people, what planet did they come from… and when are they going back?

  3. TerryAnne says:

    I don’t think there’s a better article, to date, that we should point to in public and go, “THIS is why we’re broke!!! Having debt and spending beyond your means is not a good thing – despite what the magazines tell you in how your life will be wonderful when you buy overpriced designer stuff, or that you believe having the latest gadget will make your life all that much better, or that buying a 2 bedroom/2 bath ranch home for $500,000 that was built for $30,000 is really a mark of how awesome you are. Disconnect your mouth from the Hollywood excess teat and actually learn to like yourself. Realize that money doesn’t make the man. And that if you do whoopsie and overspend your account, realize that you need to file bankruptcy or get a few more burger flipping jobs, because the American taxpayers are not going to continue to bankroll your stupidity while they live hand to mouth.”

    * gag *

  4. GetBackJack says:

    I’ve heard this complaint before, except is was part of a comedy routine about how stupid some people are … like this …. “I can’t be broke, I still have checks in my checkbook!”

  5. Rusty Shackleford says:

    “A country with a deficit is not necessarily any more “broke” than a family with a mortgage or a college loan.”


    There’s manageable debt and then there’s the other kind. The first sign that your debt has become unmanageable is when you look at your finances and have to decide which of your credit card bills will get paid and which of them won’t (Medicare, Social Security). Another sign is when you start contemplating going to a higher risk source of financing (China). Then, there’s wasteful spending that you have to look at.

    In the family household, if you make X then that has to be budgeted and divvied up to cover costs of all the required things and then if there’s any left over, some wanted things can be bought. It’s a simple, elementary task that all adults have to face.

    Given all the talk about Charlie Sheen lately, there is one episode of Two And A Half Men (Season 1, Episode 14, “I can’t afford hyenas” http://www.imdb.com/title/tt0735160/) that illustrates this point pretty well. The only difference is that the US has no “royalty checks” on the way in the next couple of months. We have taken the rainy-day fund and blown it on booze and hookers—to the tune of several TRILLION dollars.

    Socialist/lefties may scoff at such numbers but they have insulated themselves into believing that the government will always be there to bail them out. They are the same people who do not understand the difference between “gross” and “net”.

    • untrainable says:

      It’s a simple, elementary task that all adults have to face. The operative word being “adults”.
      That’s why the Obama administration doesn’t understand that these decisions need to be made. None of them could actually be classified as adults by any realistic definition. They’re brats. They’re freshmen in college who just got their first credit card, and Mommy and Daddy is the federal reserve. They can get money from the folks any time they need it, they just have to put on the pouty face and cry a little to get some more cash. “We all need to sacrifice” = “Mommy, I’m hungry and I’m out of money… can you send me a check.”

      Obama is having a fiscal Charlie Sheen-a-thon with our cash. When are the cops coming in to take the proverbial kids and force him into rehab?

  6. proreason says:

    you’re not broke until the credit cards are tapped out.

    Like the 80 year-old congressional con artist said when someone asked him about the 11th year of Obamycare (which has 10 years of taxes and 6 years of benefits to trick the public into thinking it “only” costs 1 trillion dollars): “I don’t know. I won’t be here”.

  7. JohnMG says:

    …..”deliberate decisions by state and federal lawmakers to drain government of resources by handing out huge tax cuts, mostly to the rich…..”


    “Who”, you might ask? All of they who believe that taxes (money that other people earn) are the government’s money. And earned money that isn’t taxed belongs to the government, too. They just haven’t gotten around to taking it also.

    “Government resources” is a real howler. The government doesn’t HAVE any resources except that which they rob from the populace. Left to their own devices, those in government who wield the levers of power would bankrupt themselves in short order, or rob the rest of us blind as they’ve demonstrably been doing for years. Charlie Wrangel should know about slavery as he opined yesterday. He’s helped keep the American taxpayer down on the plantation for over 40 years now. And that Congressionally-censured thieving blowhard bastard has the gall to lecture us about ethical behavior!!

    Only goes to show that those people(?) can’t even be shamed. Disgusting pieces of trash-talking vermin!!!!!

  8. tranquil.night says:

    Gee, who didn’t see this coming?

    Yes, we all live to serve government. There is no greater master, no more benevolent force.

    Government is God. Offer your sacrifice to its alter, as commanded by its clerics. Offend and anger it, and you will be demanded for more, or face retribution and wrath.

  9. Tater Salad says:

    We ARE Broke and yet the Muslim-In-Chief keeps the money spigot open for his Islamic middle-east friends:

    Your closet Muslim President is funneling hundreds of millions of dollars $$ of our money to rebuild mosques all over the world. No mentioned of doing the same for churches or synagogues.



« Front Page | To Top
« | »