Wednesday, April 01, 2009
April Fools! GOP Unveils new budget
It is appropriate that the House GOP unveiled their alternative budget on April Fool's Day, because it is truly a joke. This proposal calls for massive tax cuts for the wealthiest Americans, cutting their tax level from the mid to upper 30s to 25%, resulting in an over $300 billion loss in government revenue that would lead to massive cuts in government spending - the very last thing we need in a recession. Albert Einstein once said that Insanity is doing the same thing over and over again and expecting different results. The Republican party does not seem to understand this basic concept. It is their policies benefiting the very wealthy at the expense of most Americans, and their deregulation of the financial system, that has led to the very economic crisis we face. It is laughable at best and insane at worst for them to think the American people want to buy MORE OF THE SAME.
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