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Tuesday, December 7, 2010

What Deficit?

The President and the Republican Party have announced a tax compromise. It will increase the deficit by an amount approximately the same size as the much maligned stimulus bill. I guess the Republicans only hate deficit spending when it helps cops, teachers, infrastructure repair, help to the states and other important and needed economic growth opportunities. When it comes to helping those in least need of help, then deficit increases are fine. Therefore, in principle, it has nothing to do with the deficit and frankly for all the yelling and screaming we do about it, most of us do not even understand it. What are the tea party activists saying today knowing that they will willingly go along with raising it even though they will spin it as not their fault...it's the lame duck Congress. My party, the Democrats are blaming the President for being weak. They are probably in large numbers going to vote against this compromise, not derailing it, but making a point. In a country where slogans and easy to understand concepts rule, the bottom line is that I would rather say on the campaign trail that I supported helping all Americans than saying I helped most, but not all because of the wealthy not needing the help and blah blah blah. Taxes are not going up for anyone. Unemployed are being helped. Social Security Tax is reduced. Run on that. Shut up about the deficit because no one really cares. Where are you Americans for reason and truth?

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