Monday, January 19, 2009

Nancy wants taxes!

House Speaker Nancy Pelosi (D., FantasyLand) opines that Obama's first "Stimulus Package" has no chance on the Hill unless he backs off his promise of $300 billion of tax cuts. Aside from the fact that the figure $300 billion is a mixture of voodoo economics and pure fantasy, it's a telling look at your modern Democrat Party at work. There is one form of stimulus that can actually halt the economic contraction and promote long-term growth and investment. Naturally, that is the one form of stimulus Nancy finds unacceptable.

You see, a tax cut would allow Americans to keep more of their own money, and spend and invest it as they see fit. Want to buy a bigger house, expand your business, buy a competing business, or invest and save more for the future? With more money in your pocket, you'd have those options and more. But Nancy and her band of idiots can't abide the thought of you making decisions about the money you keep now, let alone any additional portion of your own earnings that you may be allowed to keep.

No, dear, taxpayers, we'll take that money and more and invest it in "infrastructure." What, you ask, is infrastructure? It can be most accurately defined in this context as "A major capital expenditure, financed with borrowed and taxed funds, directed to firms most closely connected with the power structure of the majority political party currently holding the purse-strings, for the purpose of providing photo opportunities for politicians and a financial windfall for political friends."

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