Filed under: Capitalism, Democrat Corruption, Economy, Taxes | Tags: Democrat Demagogues, liberalism, Spending, Wasteful Spending
The “educated class” and those who aspire to being thought of as “educated” have gathered in Davos, Switzerland for an opportunity to see and be seen the World Economic Forum to, in one panel, debate where the next global crisis will come from.
Unsurprisingly, they were all over the map, but in general they think that long-term government debt is a problem. A few hours after this meeting, in his State of the Union speech, President Obama would call for a three-year government spending freeze, applying to a teeny-weeny sector of government spending approximately 16% of the federal budget. Nine percent of the public thought that would be effective.
Representative Barney Frank (D-MA), who attended the Davos session as one of the selected “challengers” for the three presenters, called for large cuts in defense spending as well as tax increases — particularly on wealthy Davos types. Frank vowed:
I think almost every American here pays much less in taxes than you ought to. I’m going to go back and try to raise the taxes of most of the people who attended here.
That’s just what we need, Barney. Raise everybody’s taxes. The real problem is s-p-e-n-d-i-n-g! You are not just spending too much, but most of what you are spending is pure waste. Rebuilding bridges that nobody uses, money for airports that have no flights, money for imaginary (and temporary) “green” jobs, guaranteeing loans for “clean energy” that will never be cost-effective. Creating new bureaus, new administrations, new offices, and funding those who supported your campaigns.
Just stop! Please, please, just stop!
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