Tuesday, April 21, 2009
Hey, but 95% of You Get a Tax Cut. So That’s Nice.
It feels like a card trick: keep your eyes on the $100 million in spending cuts and you probably won’t notice the billions in new spending that the administration has proposed. It is, in the final calculus, a pantomime of fiscal responsibility designed to convince the voters of his seriousness without actually having to do the hard work of being fiscally responsible. And the minuscule tax cut that we supposedly received is just window dressing on the fact that local taxes and fees are rising around the nation, the size of the national deficit has grown to unthinkable levels, and sooner or later someone is going to have to get around to paying back a lot of that new debt that is piling up in the corner. Buying me an extra Happy Meal with every paycheck won’t much change that equation.
It’s like a continuation of the Bush spending policies with an impressively redoubled effort to drown us all in deficit spending. Obama talked about making tough choices to curtail government spending, but he’s displayed a very different philosophy since he’s been in office.
I wonder how many people out there regret their vote right now?