You can tell Andrew Sullivan is lying when you see he is talking, typing, or posting something now a days...
|Sullivan posted this graph yesterday to argue |
that all are problems stem from Bush tax cuts...and it is not true.
Romney wants to cut spending and not increase taxes (even cut them further)--and most Republicans would revolt against him (and rightly so) if he proposed doing what Sullivan is proposing. Barack Obama wants to increase spending and increase taxes (he says he does not want to increase spending (just like he said he thought marriage should be limited to one man and one woman), but his proposed cuts are tiny and he wants to expand government and entitlements, you have to increase spending to do that). Our problem is not under taxing of the wealthy--they actually pay fairly high tax burdens compared to the world and comparable now to those in Western Europe.
Our problem is we are over spending and promising entitlements without any means of paying for them. Is there bi-partisan blame for this? Of course. Bush's sin was not in cutting taxes, but not cutting government spending at the same time (and expanding entitlements). Obama doubled down on the tax cuts and then increased spending dramatically. I am watching the GOP very closely for any retreat on the larger goal.
If Sullivan really wants what he says he wants, he would be supporting Paul Ryan's plan for deficit reduction. The Ryan proposal is hardly radical, it is the minimum effort required to get this country back on the road to prosperity. We need less government and major entitlement reform. That will get us heading toward growth which will then increase tax revenues. Austerity works when it is done right.
Our economic worries far far from over. Obama wants to see this country be more like Europe. Given the meltdown happening right now in Europe, be careful what you wish for.
Prior EBL posts:
Larry Summers and Barack Obama...
The continuing curious lies of Andrew Sullivan on the economy...
Andrew Sullivan is either confused or lying on the economy (We know he is lying).
Could Europe sink Obama?