That last month Rep. Charles Rangel (D-NY) chairman of the House Waysand Means Committee, unveiled the Mother of all Tax Hikes, costing about a trillion dollars over 10 years.
Reps. Obey (D-Wi) and Murtha (D-Pa) and McGovern (D-Ma) have called for a temporary surtax to finance the war, with the sole intention of influencing public opinion against the war. According to Heritage Foundation scholars JD Foster and James Carafano, in their article dated Nov. 13, titled “Higher taxes equal less security”, they write: “What’s illuminating about all these arguments is what’s not said. No mention of reforming entitlement programs to make them sustainable. No mention of cutting spending to reduce the need to sell debt to foreigners. No mention of “sacrificing” for the war effort by foregoing less essential expenditures-like highways to nowhere or federally funded bike trails. The government can afford current military operations (like Iraq and Afghanistan) maintain a trained and ready force and modernize to meet future security challenges if it commits to an ongoing investment of 4 % of its GDP (gross domestic product)-less than 0.1 % more than we spend today. Importantly, 4 % of GDP is the average level of defense spending for the post WWII era.Equally important, current tax revenues are also running at normal modern-era levels: about 18.8 % of GDP. The problem isn’t that we’re not taxed enough to defend ourselves. It’s that Congress spends too much of our tax money on non-defense programs.” And Rep. Jim McCrery, (R-Louisiana) writes “ But the Democrats’ plan would increase our taxes to 20.1 % of our GDP . Real tax reform should begin by deciding what level of taxation is best for our government and our economy, and then designing a modern, efficient tax system to raise that revenue.Our goal should be to make the US a beacon for capital investment and the jobs and economic growth that come with it…” TheWashington Times, “ Where paygo means you pay”, Nov. 7, 2007.
2. That Ms. Hillary Rodham Clinton voted against Sen.John Cornyn’s resolution condemning the Move-On Org. ad “Petraeus –Betray Us” ad in the New York Times. Furthermore, she went on to say, in the hearings, that “his testimony required a willful suspension of disbelief”. Thus, calling him a liar.
3. That the stock price of the New York Times has fallen under the direction of “Pinch”, from a high of $52 in 2002 to $18.87 on Friday, Nov. 9th, 2007.
4. That Jonathan Soros wrote an op-ed piece published on October 30 called:”Vote Early, Count Often” and that he is the son of George Soros….Among many leftist groups he supports, he is a great donor of MoveOn.Org, putting $100,000 in its coffers during the 2004 election. Like father, like son. From Human Events:Does MoveOn.org own the New York Times? By Jed Babbin.
5. That the William Jefferson Clinton Presidential Library and the University of Arkansas will NOT release any papers relevant to Mrs. Rodham Clinton’s campaign in 1992 nor her tumultuous years as First Lady…until at least 2009. 6. That “nowadays it’s the bloggers, not media lords, who control the flow of information…The bloggers are a throwback to the early days of the Republic, when citizens published their opinions in broadsheets they handed out in public squares and nailed to community bulletin boards. Most were loaded with opinions laced with vitriol.” From The Politico: Bloggers are this generation’s Muckrakers by Martin Tolchin