Sunday, August 29, 2010

Hobson's Choice

It has been an article of faith that the Bush tax cuts only went to the richest. Sure, the facts disprove that argument, but through their control of the media, the notion that only the rich received any benefit of the tax cuts has endured and prospered.

That is about to come to an end.

The Democrats are stuck.  They can allow the tax cuts to expire, and pretend to be fiscally responsible, even though the lowest tax rate is going to increase by fifty percent, child credits are going to be halved, and a whole raft of other middle class tax cuts are going to be removed.  And if they do, the economy is going to tank even worse.  If they don't, they are not supporting their prior complaint that tax cuts only went to the rich.

It sure is a problem when you get caught up in your own lies, isn't it?

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