President Bush says: No new taxes!
Yeah, we read it clearly on your lips.....
Seriously, though, I think that he will keep that promise unlike his father. Why raise taxes when you can just increase the deficit?Despite presiding over a tax increase this year in the form of the expiration of depreciation incentives, Bush's style haven't generally been "tax and spend" but rather "borrow and spend". That way, Bush can continue with his policy of expanding big government without upsetting the conservative base too much. And that this will lead to costs later in the form of inflation and/or higher interest expenses is something which is not seen by all too many now.
Seriously, though, I think that he will keep that promise unlike his father. Why raise taxes when you can just increase the deficit?Despite presiding over a tax increase this year in the form of the expiration of depreciation incentives, Bush's style haven't generally been "tax and spend" but rather "borrow and spend". That way, Bush can continue with his policy of expanding big government without upsetting the conservative base too much. And that this will lead to costs later in the form of inflation and/or higher interest expenses is something which is not seen by all too many now.
posted by stefankarlsson at 9:54 PM
2 Comments:
The Washington Times reports reports that GOP house leader Tom DeLay has gone out and said that there is "no more fat to trim in the federal budget", the Republicans have succeded in making the federal government as small as it can be!
At the same time, it is mentioned that the Bush-administration has increased government spending on a scale not seen since the 30ies depression and the "New Deal"..
Government is now considerably larger than under the Clinton-administration.
The Republicans, the small government party? I think not..
..that is, increased spending on that scale, even excluding military spending and homeland security spending!
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