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- iHaveNet.com: Politics
by Cal Thomas
The Republican congressional leadership congratulated itself for leading nine "moderate"
Instead, most Republicans went along with another bill, which President Obama quickly signed.
It preserves the Bush-era tax rates, but also perpetuates the cycle of debt and spending that contributed to America's current economic difficulties.
Rep. Frank Wolf (R-VA) voted against the measure, not because he wanted everyone's taxes to go up on
January 1, but for more important reasons. Wolf characterized the deal struck between the
The 2 percent tax "holiday" for one year on
Moody's Investment Service has warned that the tax legislation might jeopardize America's AAA bond rating. Such a decision would signal to investors that this country is less of a good credit risk. Wolf says the tax compromise deal will cost "nearly a trillion dollars in borrowed money."
Senator Tom Coburn (R-OK) said, "both parties have set a trap for future generations by our inaction, our laziness, our arrogance, and a crass desire for power. We are water-boarding the next generation with debt."
"The public be damned" is the attitude of the majority in this expiring
Early next month, 108 new members of
In families that overspend and are weighed down with debt, there often comes a "we can't go on like this" epiphany followed by a decision to reduce spending and be content with less. Not so with our government. No matter the threat debt poses for our economic future, these so-called "representatives" largely represent only themselves and their interests. To channel folk singer Pete Seeger: "we are neck-deep in the Big Muddy, but the big fools say to push on."
Let's see if the 108 can lead us out of the muck and back toward solvency. Hope springs eternal, even at the start of a Washington winter.
Available at Amazon.com:
Boiling Mad: Inside Tea Party America
Jimmy Carter: The American Presidents Series: The 39th President, 1977-81
The Disappearing Center: Engaged Citizens, Polarization, and American Democracy
The Virtues of Mendacity: On Lying in Politics
Bush on the Home Front: Domestic Policy Triumphs and Setbacks
The Political Fix: Changing the Game of American Democracy, from the Grassroots to the White House
Revival: The Struggle for Survival Inside the Obama White House
Renegade: The Making of a President
Year of Meteors: Stephen Douglas, Abraham Lincoln, and the Election that Brought on the Civil War
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