Tuesday, May 17, 2011

THE STEALTH TAX (‘DEBT TRIGGER’) is back.
Obama administration budget director Jack Lew met with Senate Democrats to try to sell them on the need to include a debt trigger as part of the Biden talks. The debt trigger, which Obama proposed in his April deficit-reduction speech, would require spending cuts or tax increases to reduce the deficit.
Some would say that the Democrats just haven’t gotten the message about tax cuts. Personally, I doubt that. It’s all about control; they need the tax money to pay off their many syncophants.

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