"I'm not in favor of financing tax cuts with borrowed money,"said the man, and the man isn't a farleftliberal weenie with McCain derangement syndrome. It's Alan Greenspan talking about the tax plans of Lyin' John McCain who likes to brag that he knows nothing about economics so that the proletarian snobs he panders to will think he's a regular guy who keeps a fridge full of Budweiser in all 9 houses - and on the jet.
Of course Joe Sixpack and Mary Mooseburger are happy to tell you he'll cut spending to offset the 3.3 trillion dollar loss in tax revenue, but there isn't that much to cut unless it's the military budget and the reality is that he will borrow, borrow, borrow like there's no tomorrow.
John who said he never once has flipped or flopped, now supports the same Bush tax cuts he once opposed and apparently no longer believes in his call to "get the best minds in America together and fix this tax code." Unless of course he's begun to believe in the wisdom of those who also know nothing - like Simple Sarah Palin. I mean what does Greenspan know? He has hardly any experience and he went to some elitist, la-de-dah school without a football team.
Cross posted from The Reaction
3 comments:
Actually, McCain does claim he'll pay off that $400 billion annual deficit with the $20 Billion a year he'll cut from earmarks... oh, wait...
That affirms that he isn't up to speed on economics, but a cynic might add arithmetic as well.
For my part, I just think he's a lying sack of shit.
I've been harsh on Greenspan and long awaited what I thought would be his spin on this. I saw him on This Week yesterday, and I was relieved to see him calling the current catastrophe just what it is. I've become cynical enough that I never thought he'd do it, but I was wrong.
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