Much is being made of the cost of the Obama tax compromise. The left in particular is taking aim on extending the Bush tax rates for “millionaires and billionaires.” The lefty press is quick to point out what they perceive as hypocrisy on the part of Republicans. After all, extending the tax rates will “cost the government” $400 billion and $140 billion for the millionaires. Not so says Judd Gregg. It’s your, “It’s not your money” quote of the day.
Now I will admit my ultimate fiscal conservative dream is to see government cut down to size. And it is true if government spending isn’t cut, then the government has to borrow or confiscate more money from us, including the rich. But tax cuts don’t need to be paid for because … well as Gregg points out to Andrea, it ain’t the government’s money.
Me thinks Judd Gregg should save his breath. This is a concept the lefties will never understand because I know these people. It’s all a big pot of money to them and the rich take more than their share. It’s true. I know them. So some feel guilty, but never guilty enough, as Senator Gregg pointed out, the voluntarily send in more of their money.
Just for the record.