July 19, 2011

The Gang of S*cks

Filed under: Economy,Taxes & Government — Tom @ 7:28 pm

I’m not inclined to go borderline graphic, but the supposed plan being pushed by the Gang of Six is so breathtaking irresponsible and out of touch, I don’t know what else to do.

Except that I’ll lean on the estimable Doug Ross, who has assembled some reaction from around the center-right blogosphere:

The “Gang of Six” bipartisan plan to “reduce our nation’s deficits” has touched off a wide range of reactions. My personal highlights:

The Washington Examiner‘s Conn Carroll: “Gang of six plan raises taxes by $3 trillion – they are using a CBO baseline that assumes the AMT continues as written today and that the current Bush rates expire. Last August, the CBO said those policies would amount to a $4.8 trillion tax hike. Which means the the Gang of Six plan probably raises taxes by about $3+ trillion over current rates.”

Daniel J. Mitchell: “The entire package is based on dishonest Washington budget math. Spending increases under the plan, but the politicians claim to be cutting spending because the budget didn’t grow even faster.”

The Foundry: “The Gang of Six promises — an unenforceable promise — that some time in the next six months Congress will enact a second law with all kinds of Christmas presents for everybody – The Gang of Six circulated a plan that has Congress enact a law now whose principal elements (1) make unspecified spending cuts and unspecified tax increases to yield a $500 billion reduction in the federal deficit, and (2) impose spending caps on discretionary spending, but not on Social Security, Medicare, Medicaid and welfare programs that are the main cause of out-of-control spending.”

The American Spectator‘s Joseph Lawler : “Perhaps the reason the Gang of Six plan is politically viable is that is mostly a promise to make cuts in the future, rather than a measure to cut spending now.” Not good.

Doug’s overall reax: “This plan is outrageous. This is another hack job by Beltway insiders bent on preserving the status quo, massive deficits and, eventually, complete economic collapse.”

My overall reax: It produces a partial vacuum by action of the lips and tongue. Hence the headline.

What about “Stop Spending!” don’t they understand?

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1 Comment

  1. [...] Completely correct, especially in regards to the Gang of S*cks: [...]

    Pingback by BizzyBlog — July 19, 2011 @ 9:07 pm

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