Thursday, August 05, 2010

Quote of the Day

"If there were such a thing as Chapter 11 for politicians, the Republican push to extend the unaffordable Bush tax cuts would amount to a bankruptcy filing."

David Stockman, former Reagan appointee to the Office of Management and Budget.

John Boehner argued in favor of extending the Bush tax cuts on Fox News Sunday. Host Chris Wallace noted the Bush tax cuts would add to the deficit.

"This is the whole Washington mindset, all these CBO numbers," Boehner dismissively ranted.

Boehner is stating on national television government should not do economic impact studies before making fiscal policy. It is also interesting one of the most powerful men in Washington doesn't like hearing Washington talk. Perhaps Boehner should run the House Republicans from Ohio. I'm sure that would make Eric Cantor happy.

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