"The most pernicious of his proposals will be the massive Make Work Pay refundable tax credit. Dressed up as a tax cut, it will be a national welfare program, guaranteeing a majority of American households an annual check to "refund" taxes they never paid. And it will eliminate the need for about 20% of American households to pay income taxes, lifting the proportion that need not do so to a majority of the voting population. Unlike the Bush stimulus checks, this new program will be a permanent entitlement, a part of our budget that can only go up and never down. Politically, it will transform a majority of Americans from taxpayers, anxious to hold down government spending, into tax eaters, eager to reap new benefits."Shouldn't all hard-working taxpayers be outraged?
Friday, January 23, 2009
Stimulus Stink
Dick Morris was on Fox News this morning discussing the stimulus bill, and he used a great analogy, comparing it to using methadone to withdraw from addiction. In this case, the addiction is to debt: people buying homes they know they can't afford, cars they know they can't afford, etc., and expecting everyone else to pay their way. Also, he writes
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