I wish this phony debate about the debt and deficit “crisis” would be over because, truthfully, I’m running out of clever new ways to call this bi-partisan exercise the stupidity it truly is. So, sigh, here we go again — but I can leave it to others to call it by its true name.
New estimates from Citizens for Tax Justice show that the proposal by President Obama to extend the expiring tax cuts for income up to $400,000 would save only 24-84 percent as much revenue as his original proposals, depending on what details are included. Meanwhile, the so-called “Plan B” that House Speaker John Boehner is discussing to extend tax cuts for income up to $1 million would save only 15-53 percent as much revenue as Obama’s original proposals, depending on what details are included.
The farce continues. The robbery of the people continues — a worse robbery executed by the lunatics (we refer to them as “Republicans”) but the Democrats are blessing a continued draining of our wealth in very unwise ways.
Read the whole thing here.