Draggingtree Posted July 28, 2012 Share Posted July 28, 2012 The Other McCain: Tax Cuts Are Not ‘Spending’ Posted on | July 28, 2012 | Another reminder that they don’t teach economics at Harvard Law: “Republicans in Congress and their nominee for President believe that the best way to create prosperity in America is to let it trickle down from the top,” said Obama. “They believe that if our country spends trillions more on tax cuts for the wealthy, we’ll somehow create jobs – even if we have to pay for it by gutting things like education and training and by raising middle-class taxes. They’re wrong.” This little bit of economic disinformation sticks in my craw. Who would be “spending” these alleged trillions? According to Obama, it’s “our country,” which indicates that in his mind, “our country” is a synonym for the federal government, so that every penny of private income not collected by the federal government is said to be “spent” on whoever has that penny. Beyond promoting that distorted perspective, Obama’s weekly address completely misrepresents the issue at hand. The Bush tax cuts are http://theothermccain.com/2012/07/28/tax-cuts-are-not-spending/ Link to comment Share on other sites More sharing options...
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