Saturday, July 24, 2010

None of us has the time to read everything we would like if you have any kind of life away from the computer. The only one I check on a daily basis is Town Hall. If you are not a regular reader of Town Hall, I recommend you access it today to read the complete article by Floyd and Mary Beth Brown.

Here is a paragraph from today's piece on the Obama Commission for tax hikes aka the Fiscal Commission. Can't help but be just a little disappointed in Sen. Judd Gregg. I've always looked on him as being a conservative stalwart. This is a quote not only from the piece, but it quotes Gregg:

"Everything has to be on the table - there's no question about that. Erskine Bowles, one of the co-chairmen of the commission, has suggested a 75-25 split - 75percent of the savings being in spending, and 25 percent in revenues. I think it's likely that there will have to be a revenue component, but it should be significantly, dramatically - and a 3-1 ratio is pretty dramatic - dramatically less than the initiatives in the spending side of the ledger."

It goes on to say that they can only be talking about cutting $3 in promised Social Security and Medicare benefits in exchange for $1 in tax increases....To close this gap with one-quarter tax hikes is, therefore, to raise taxes by $26.7 Trillion.

It goes on and on and on to the point where you almost can't believe it and want to throw up your hands. One more thing--don't forget that Erskine Bowles has always been a Clinton person and with the scuttlebutt floating around about Hillary's potential run in 2012, there may be more than taxes involved here--it could be cover for Mrs. Clinton's run. My opinion, not theirs.

God bless......

No comments: