.
Until I watched Jon Stewart afterwards, I didn't even notice that Obama had said that the way we would cut the deficit was "... and spending reductions in the tax code." That is just how you say raise taxes right?
I had forgotten that some politicians, and Obama is apparently among them, think of that part of your income that you keep after taxation as "government spending".
Jon wondered whether we would have enough savings to cut the deficit AND pay those royalties to George Orwell.
Added April 18,2011: It appears that there is a genuine concept called a "tax expenditure" I will say more on April 19th.
Friday, April 15, 2011
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Well, as I understand our current laws regarding money I earn a tax hike is NOT a spending cut – de facto. Had O been talking extraneously (instead of in a prepared speech) I would try to convince myself he simply misspoke.
ReplyDeleteI don't know if his talk was extraneous, but it certainly was not given "extemporaneously."
ReplyDeleteMichael – There is a saying that you cannot accurately proof read your own work – I stand corrected.
ReplyDeletePlease pardon me, I'm just trying to get the proper frame of mind to grade several sets of test papers.
ReplyDelete