Sunday, April 17, 2011

Newspeak

Spending reduction in the tax code. [Link]
The president also called for undoing the Bush tax cuts for upper-income taxpayers, and for canceling other tax cuts many of them receive such as the mortgage interest deduction — which he called “spending reductions in the tax code.”
Love ‘em or hate ‘em, cutting someone’s tax rate does not equal an increase in spending, in the tax code or anywhere else. It’s simply money the government doesn’t take in. Therefore, getting rid of their tax cut does not equal eliminating a “spending reduction” in the tax code. Or anywhere else.

I’d like to commend President Obama for his backhanded honesty on this, though. He has finally admitted that he thinks the money that you work for belongs to the government before it belongs to you. He just had to utter the most Orwellian phrase ever spoken by an American president to get the admission out there.

No comments:

Post a Comment