Amazing Logic

On Friday The Christian Science Monitor posted an article explaining why President Obama’s economic proposal contained a large amount of stimulus spending.

The article reports:

The argument in favor of such stimulus? The tax measures, at least, could minimize the drag on the economy from Mr. Obama’s proposed tax increases on the wealthy.

This is an amazing statement. Why increase taxes on the wealthy if you know that it will slow down an already struggling economy? How is going deeper into debt going to solve the deficit problem? The logic behind this policy amazes me.

The story goes on to outline the rest of President Obama’s proposal. After reading the details, my question is, “What part of out of money don’t you understand?” I hope there is a grownup somewhere in Washington who will make the case for cutting spending and be willing to stand his ground.

Enhanced by Zemanta