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WH ‘Debt Panel’ Pushes For More Taxes

From a cheering Washington Post:

Obama’s debt commission warns of fiscal ‘cancer’

By Dan Balz
Monday, July 12, 2010

BOSTON — The co-chairmen of President Obama’s debt and deficit commission offered an ominous assessment of the nation’s fiscal future here Sunday, calling current budgetary trends a cancer "that will destroy the country from within" unless checked by tough action in Washington.

So, in addition to ‘Death Panels’ we now have hear from a similarly morbid ‘Debt Panel.’

In any case, to extend the “cancer” analogy, isn’t the lifelong Democrat, Mr. Bowles, one of the doctors who has been telling us we need to smoke five packs of cigarettes a day for years – for our health?

The two leaders — former Republican senator Alan Simpson of Wyoming and Erskine Bowles, White House chief of staff under President Bill Clinton — sought to build support for the work of the commission, whose recommendations due later this year are likely to spark a fierce debate in Congress.

"There are many who hope we fail," Simpson said at the closing session of the National Governors Association annual meeting…

Gee, that sounds vaguely familiar. Still, given that this ‘Debt Panel’ has one purpose, and that is to give cover to Mr. Obama for breaking his pledge not to raise taxes on anyone making less than $250,000, we hope to hell that they fail. For the good of the country and what is left of our economy.

For no matter how many taxes Messrs Bowles, Simpson and Stern come up with, will simply cannot tax our way out of the dept the Democrats have piled up on the last sixty-five years. And increased taxes will only kill whatever slim hope we still have of growing our way out of it.

Bowles said that unlike the current economic crisis, which was largely unforeseen before it hit in fall 2008, the coming fiscal calamity is staring the country in the face. "This one is as clear as a bell," he said. "This debt is like a cancer."

Really, how could any doctor have foreseen that smoking five packs a cigarettes a day would cause any problems down the road?

The commission leaders said that, at present, federal revenue is fully consumed by three programs: Social Security, Medicare and Medicaid

We seem to recall numerous efforts by the Republicans to deal with Social Security, that were shot down by the Democrats and RINOs like Mr. Simpson.

We also seem to recall that ‘healthcare reform’ was going to fix Medicare and Medicaid – by giving us much more of it.

"We can’t grow our way out of this," Bowles said. "We could have decades of double-digit growth and not grow our way out of this enormous debt problem.

Mr. Bowles is simply a liar. The United States has grown its way out of every other previous recession, of which there have been dozens. In fact, that is the only way that any country anywhere has ever gotten out of a recession.

We can’t tax our way out…

And yet they are going to try. Or, rather, they are going to use the deficit as an excuse to raise taxes. Which is always the top priority of every Democrat, in good economic times or bad.

The reality is we’ve got to do exactly what you all do every day as governors. We’ve got to cut spending or increase revenues or do some combination of that." …

And you can bet your bottom dollar the final option will be “increase revenues,” since Congress has never once cut spending. Not ever.

And, truth be told, this ‘Debt Panel’ doesn’t even really care about raising revenues, since lowering taxes nets more revenues than raising them does.

They simply want to suck more money out of the private sector and gain even more government control over the populace.

Bowles pointed to steps taken recently by the new coalition government in Britain, which also faces an acute budgetary problem, as a guide to what the commission might use in its recommendations. That would mean about three-quarters of the deficit reduction would be accomplished through spending cuts, and the remainder with additional revenue.

Does anyone who has been sitting up and taking notice for the last thirty or so years believe one word of that? These people have no shame.

Most Republicans in Congress are opposed to any tax increases, which has made the work of the commission far more difficult

The GOP is so wicked. And here we have Andy Stern and the rest of the ‘deficit commission’ working harder than they ever have in their lives to help our country.

Simpson also warned that the November elections could add another wild card to the work of the commission. "I have no idea what’s going to happen on Election Day but it’s going to be disruptive . . .," he said. "It’s going to be a big wake-up call around the whole United States. I have no idea where it’s going, but thank heaven we have a month then to work through the wreckage."

Yes, heaven forbid that the American taxpayer should have a say in any of this. How “disruptive” of them. These election things are such a ‘distraction.’ Of course they could circumvent all of this by reporting their ‘recommendations’ weeks before the election. But somehow we don’t see them doing that.

But my goodness what a buffoon Mr. Simpson is – and always has been. (Oh, and thanks again for the Simpson-Mazzoli Act. May we have another?)

By the way, this Washington Post article neglects to mention a couple of other minor details that were reported by the Associated Press:

Republican Alan Simpson and Democrat Erskine Bowles told a meeting of the National Governors Association that everything needs to be considered — including curtailing popular tax breaks, such as the home mortgage deduction, and instituting a financial trigger mechanism for gaining Medicare coverage.

We told you the mortgage deduction would be the next item on the chopping block.

Of course, a child of 26 could have predicted it.

This article was posted by Steve on Monday, July 12th, 2010. Comments are currently closed.

15 Responses to “WH ‘Debt Panel’ Pushes For More Taxes”

  1. proreason says:

    August 2 1793 was the day that Marie Antoinette was beheaded.

  2. BannedbytheTaliban says:

    Increasing taxes will not lower the deficit as long as big government Democrats and big government Republicans control the purse strings. They will simply see any additional revenues as more money they can spend on their agendas as opposed to paying down debt.

    Besides, raising taxes in this economy will probably reduce revenues given any more financial burden on consumers will lower spending, consumption, and ultimately production, on which tax revenues are based. And for all those liberal, economically ignorant trolls reading this website, any, ANY additional taxes on business get passed on to the consumer in price hikes or pink slips. Companies, big and small, figure in tax burdens the same way they figure in costs of raw materials, energy, labor, etc. when determining how much to charge for their product and if they can be profitable. However, unlike all other costs to the business, taxes have no open market competitor that would reduce cost and therefore will often have crushing consequences on business, especially small business. Hello great depression.

    • proreason says:

      “Hello great depression”

      That would require a saviour, wouldn’t it?

    • BannedbytheTaliban says:

      Second coming of Regan?

    • proreason says:

      Actually, I was suggesting that, like FDR, the Moron is delighted to be able to create a situation for which he can claim himself to be indispensable.

      You can see it already:
      – in the ludicrous claims that he brought the country back from the brink of disaster and the employment would be much worse if it wasn’t for his payola stimulus legislation.
      – in the continuous loud claims that it was Republican policies that caused it all, i.e., lack of regulation, profligate spending

      The facts are that the economic crisis is 100% due to the Democrats, short-term and long-term policies.

      But like the dedicated Alinkyite that he it, the Moron’s doesn’t really care what happens, as long as he can twist events to cast himself as the saviour. In FDR’s footsteps.

      Don’t be surprised if a shooting war develops next year. Not the small-scale conflict in Afghanistan. Something big.

      FDR is the model (although I’m not claiming FDR caused WWII, just that it was fortuitous for his retention of power).

    • Right of the People says:

      The only difference between the O-hole and FDR is FDR didn’t have to deal with the 22nd amendment and could have been re-elected indefinitely except he died.

      I’m sure the buffoon at 1600 Pennsylvania Ave. wishes he could get rid of that pesky little amendment and I’m sure it will be one of the first things he does after he declares martial law. Of course he may not even bother with that and just declare himself President for Life turning our once great country into the laughingstock of the third world.

    • BannedbytheTaliban says:

      I figured as much. However, I was going to be little more optimistic. He most certainly believes he is the Chosen One; meant to lead America gloriously toward communism.

      ROP, Obama can’t declare martial law as long as there is private ownership of rifles. In North Carolina alone, there would be 2 million snipers hunters ready to stop any attempt. I also find it hard to believe many in the military or law enforcement would go along with it; that is without a major national disaster (which is why I believe Obama is so weak on terrorism).

    • Right of the People says:


      You don’t think he’s got one in mind? If the elections go the way I think & hope they go this fall, there just might be a “national disaster” before Christmas. It doesn’t have to be real only big and noisy.

    • BannedbytheTaliban says:

      I don’t think he is capable of planning what he is going to have for breakfast. He is just a golden cow meant for idolation by the race-obsessed left. I think he is hoping for a chemical or biological terrorist attack. It would give him the perfect cover for instituting what he believes to be some real change. Never let a good crisis go to waste.

      Also, it would be a national disaster if republicans, libertarians, or true independents don’t take away the Demos overwhelming majorities in November.

    • proreason says:

      Whenever I refer to the Moron, in any way, I actually mean the cabal that controls him.

      He isn’t smart enough to find the bathroom no matter plot the destruction of the United States of America.

      That was sealed when I learned he wasn’t smart enough to spell check the exams he gave as a professor assistant professor lecturer part-time lecturer in civil rights law community agitation at Chicago University.

    • BannedbytheTaliban says:

      Same here Pro, he is the 1/2 white puss on top of the pimple.

    • wterrier says:

      pro, we are so in need of another Reagan! Closest I can see is our friend Gov. Christie.

  3. BigOil says:

    ‘Debt panel’ is not a bad name this bunch of clowns…but I prefer ‘economic death panel’.

  4. Astravogel says:

    The last half of the book, “The Last Centurion” is pretty good on
    what might occur and what to do about it. First half is a good
    combat read also.

    Remember in November

  5. bill says:

    I have an idea, lets cut the federal budget down by 75% since that appears to be the problem. This was done in 1921 with spectacular results.

    I have no probelm with cuts like this. Then we can vote what we want put back if anything.

    Second solution, lets repeal the 17 th amendment and end unfunded mandates for States.

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