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Wednesday, September 29, 2010

Obama's bigger (tax cut) package

Senator Ben Nelson, speaking before the conservative Heritage Foundation attempted to mute the conservative critique that Obama is spending the country into historic deficits. Defending both Bush's Troubled Asset Relief Program (bank bailout) and Obama's stimulus, he reminded the audience that one-third of the latter included the very tax cuts that they worship.

"It's interesting that when one side of the political aisle supplies tax cuts, they tout them as reducing the burden on taxpayers. But when the other side of the political aisle supplies tax cuts... they're labeled as deficit spending," Nelson said. "To me, a tax cut is a tax cut. They save people money they use to promote economic activity, from the ground up. The Bush tax cuts and the Obama tax cuts are both... tax cuts."

Though President Obama's were way bigger.

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