A Disturbing Look At A Very Near Future: Tax Cuts Vs
More Spending at the Special Session
We have a choice between two futures.
If Obama is elected, fast forward 23 days. It’s November 17. Congress convenes
for a special session with a veto-proof Democratic majority Senate, an
expanded Democrat majority in the House and a Democrat in the White House.
The sole item on their agenda is to pass the $300 billion government
spending package promised by House Speaker Nancy Pelosi back in October.
There is no mistaking what is coming. Even before Democrats won sweeping,
one-party control of Washington, they had made their intentions to
increase taxes and spending clear.
With 5 days to go before the election, House Financial
Services Committee Chairman Barney Frank (D-MA) fleshed out some details
of the massive spending package. Frank called for a 25 percent cut in
defense spending and conceded that Democrats will raise taxes to pay for
new government spending. If they couldn’t get the votes in November, Frank
was confident that they would have them in January.
And long before the election, President-elect Barack Obama had expressed
his preference for wealth redistribution over wealth creation both on the
campaign trail and in a startling radio interview in 2001, in which he
claims the Warren Court was not radical enough.
Before President-elect Barack Obama even takes office,
government spending increases by $300 billion, bringing the grand total
for the last six months of 2008 to $1.45 trillion.
And
all center-right Americans can do is shake their heads and think, “You
can’t say we weren’t warned.”
• A choice between robust
government spending and robust economic growth;
• A choice between higher spending and lower taxes;
• A choice between spreading the wealth around and increasing it through
rapid economic recovery.
Because when Americans are asked to make these choices, our answers are
clear and unequivocal.
We trust the private sector to grow the economy more
than government. We favor keeping our money over giving it to Washington.
We favor creating more wealth over redistributing the wealth we’ve worked
for and saved.
We just have to be given the choice.
Three Times More Americans Believe In Tax Cuts Over More Government
Spending
Newly released polling data show just how out of touch with Americans the
REPO Team (Reid-Pelosi-Obama) pre-Christmas spending spree is.
By 60%-20%, Americans believe lower taxes, not higher government spending,
will best ensure economic recovery, according to a new Fox News/Opinion
Dynamics poll.
By 86%-9%, Americans believe government should focus on jobs and economic
growth over income redistribution, according to a New Models/Winston Group
survey.
By 71%-25%, Americans believe that if you cut taxes on small business it
will create new jobs, according to the New Models/Winston Group poll.
In the meantime, there is no time to waste. Republicans and center-right
independents and Democrats can give the voters a real choice in the
election, or we can lose our choice in the congressional special session
to come.
Either way, you can’t say we weren’t warned.
Newt
Gingrich
(Former Speaker of the House)