Tuesday, September 21, 2010

Tax Cuts Don't Have to Be "Paid For", according to Chris Matthews and Rush

Rush debunked part of Obama's speech from the Townhall meeting a couple of days ago.

This whole notion that we're in this economic mess because we had two tax cuts unpaid for, those two tax cuts of Bush's led to increased revenue, capital gains particularly. And then they said we had two wars that were not paid for. Well, Medicare is not paid for, Medicaid is not paid for, Social Security is not paid for, the Department of Education is not paid for, FEMA is not paid for, the EPA is not paid for, the Fish and Wildlife Service is not paid for, nothing is paid for. We are overdrawn. We are in debt. Nothing is paid for. So why single out the Pentagon, two unpaid-for wars, why do you single out the Pentagon when the deficit is government-wide, and why blame individuals? Individuals are the sole reason the government has any money in the first place, yet unpaid-for tax cuts? We are in this mess because of out-of-control spending, and that's why there is a Tea Party. We're in this mess because of out of control regulations, and none of that has been paid for, either.

Not one dime of Obama's stimulus, not one dime of TARP, none of it has been paid for. And yet he focuses and the Democrats focus on tax cuts and two wars, one of which they supported, by the way, Afghanistan. The other one they tried to lose, Iraq. Nothing's paid for, yet Judith Miller thinks it was brilliantly persuasive for Obama -- I mean these people live in an alternative universe, in a different world. And because nothing is paid for and because all of this spending is going to have to be eventually paid for in part by future generations is why there is a Tea Party movement. It is why citizens are rising up. It is why people are abandoning Obama. How you can look at that town hall meeting yesterday and suggest that Obama cleaned up or that he had anything brilliant to say? The best they can say about it is that he didn't lose his cool. The best they can say about it is that he kept his cool, he kept his attitude when his own voters were telling him how tough it is and asking him, "Is this my new reality, is this it?" These are people who voted for him, and they're trying to find any morsel of evidence that Obama hit a home run yesterday or even a base hit.

and
RUSH: Now, listen to this: Unfunded wars and two unpaid-for tax cuts are the reason we have an economic crisis today. What a fraud that argument is! Let's say he even really believes it. Is the solution to start spending like crazy like he's been doing? If we already have two tax cuts not paid for, if we already have two wars not paid for, then why the hell keep spending? Which is what he did! It just struck me. Everything about this administration is an utter fraud.

and from Chris Mathhews, quoted by Rush:
RUSH: Here's the Matthews quote, by the way, folks, that I was referencing earlier in the program from last night on Hardball.

MATTHEWS: He should stop saying that giving people tax cuts is giving people money. It's their money. A tax cut is when the government doesn't take our money. It's an important distinction. He talked today, for example, about people getting a check from the government in the form of a tax cut. That's not the way it works. If tax rates are kept lower it's a matter of the check going to the government being smaller. Again, it's an important distinction.

RUSH: This is Matthews in a comment section of his program warning Obama: You got this tax cut business wrong. Obama, in his town hall meeting yesterday, said that tax cuts for the rich, why, that would be writing them a check for a hundred thousand dollars. And Matthews said, oh, you can't do it that way; that's not what happened. Of course Matthews is exactly right.

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