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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
"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?

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