I am stunned at how quickly the lessons of last night have been forgotten, or is it never learned? Just keep plowing ahead on the ultra liberal, big government, tax and spend agenda, and ignore the message from Democrats and independents in the Commonwealth.
Two examples. The first from the White House, taking over the student loan business:
Under the system proposed by Obama, the government would cut private lenders out of the picture entirely, setting the interest rates and collecting payments directly for all student lending.
Whether or not the government saw a profit or a loss from the new, federal loans would depend on the rate at which the government borrows money. For instance, the law currently sets the interest rate for direct loans at a maximum of 6.8 percent.
This is wrong on a number of fronts not the least of which is when the government controls the purse strings, we have seen how they can control everything. Far fetched? Ask the banks.
Secondly, by subsidizing college, the cost of a a degree goes up, as it has for years. If colleges know they can charge what they want and still be guaranteed payment by the government, it will continue to push the cost of a college degree out of reach of most Americans, that is unless there are subsidized loans. Get the picture?
Now to example number two: New York State. Oh brother.
But in addition to the severe belt tightening, the governor said he would need to raise $1 billion in new taxes and fees — some politically controversial.
* A $1 increase in the cigarette tax, raising the state tax to $3.75.
* A new soda tax that will cost consumers 1-cent per ounce — a 16-ounce bottle will cost 16 cents more, a 64-ounce bottle 64 cents more.
* The governor also plans to legalize and sanction cage fighting.
* And allow wine to be sold in grocery stores.
* And introduce 50 speed cameras on highways to catch unsuspecting motorists with fines of up to $100.
To Patterson’s credit, he also proposed $800 million in spending cuts, but that’s hardly fiscal conservatism, that’s more a case of survival. Consider the total budget is $134 billion dollars and the cuts amount to 5%. When you are staring at bankruptcy, that’s the equivalent to cutting cable and Internet in a household budget. Brain dead.
Finally, here’s the juiciest one of all:
“We’ll have to think through this next year from the standpoint of tactics but in substance the mission can’t change,” Obama senior adviser David Axelrod told reporters.
No worries my Tea Party Patriots. They won’t learn it’s our country. They’ll all see come November, those are the people’s seats.