After making the budget deficit not just a campaign issue but the campaign issue of 2010, one of the very first legislative things the Republicans in Congress will do after the election is agree to a tax cut and extension of unemployment benefits (and god knows what else) that will…wait for it…increase the deficit. The two-year increase in the deficit because of the deal will be greater than the stimulus bill the GOP railed against during the election.
This is either one of the most exquisite ironies or extraordinary hypocrisies in the history of American politics. It ranks right up there with Lyndon Johnson campaigning against Barry Goldwater in 1964 by criticizing his plan to increase military activities in Vietnam and then, after the election, having the Pentagon do many of the things he had criticized Goldwater for suggesting.
Disclaimer: This page contains affiliate links. If you choose to make a purchase after clicking a link, we may receive a commission at no additional cost to you. Thank you for your support!
Just so long as they don’t mess with the home mortgage tax write off. I cannot believe they are even discussing the possibility of doing away with it. Washington is so out of touch with the housing market. I listened to the economic and employemnt blues on the news all weekend and not even a mention of the real estate crisis and the effect it is having on the food chain.
Russ Fielden
Broker-In-Charge
Southern Coast Realty
Beaufort, SC 29907