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THE OFFICIAL BLOG OF THE PETER HECK RADIO SHOW
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Monday, 20 September 2010

If you're wondering why so many conservatives point out that the left has no new ideas beyond tax and spend, it's because the left has no new ideas beyond tax and spend.

 

On Inside Washington, Newsweek's former editor, Evan Thomas (the same one who declared that Obama was 'almost God') explained what we desperately need in this country: higher taxes.



 

In discussing the reality that Americans are about to see their taxes increase if Congress doesn't act to extend the Bush tax cuts, Thomas wished for that very thing:

 

"A couple of weeks ago, Fareed Zakaria wrote a column in which he said Congress should do what it does best, nothing. And what he means by that is if Congress does nothing, those tax cuts go away. We need the revenue, we need the revenue. I know it's not great for the economy right now to be having a tax hike, but you're just returning rates to where they were in the 1990s, when the economy was doing pretty well. God knows the federal government desperately needs that revenue, so this is one case where I think gridlock is a good thing."

 

Despite decades of repeated proof, Thomas and the left ignore this basic economic axiom: Tax cuts stimulate economic growth.  Economic growth puts more people to work and gives them income.  More people with income means more people contributing to the tax revenue of the country.

 

No, better to take a staggering economy and shoot it in the leg.  That is the extent of the economic wisdom of the left.

POSTED BY: Anna Anderson AT 11:21 am   |  Permalink   |  0 Comments  |  E-mail this
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