Sunday, July 11, 2010

Sen. Jon Kyl (R-AZ) Lapses Into Incoherent Fiscal Nonsense










































Deficit Fraud Jon Kyl: ‘You Should Never Have To Offset’ Tax Cuts

Sen. Jon Kyl (R-AZ) has been one of President Obama’s most vocal critics on the budget deficit (most of which is actually attributable to the President’s predecessor). “The Obama administration is spending trillions of dollars we do not have on things we do not need,” Kyl has said.

But today on Fox News Sunday, Kyl threw his concerns about the deficit out the window when discussing tax cuts. Kyl said Congress should not allow the Bush tax cuts to expire, but when host Chris Wallace asked, “How are you going to pay the $678 billion to keep Bush tax cuts for the wealthy?” Kyl wouldn’t answer. And in fact, he went so far as to say tax cuts should never have to be paid for:

WALLACE: We’re running out of time, so how are you going to pay $678 billion just on the tax cuts for people making more than $250,000 a year?

KYL: You should never raise taxes in order to cut taxes. Surely congress has the authority and it would be right, if we decide we want to cut taxes to spur the economy, not to have to raise taxes in order to offset those costs. You do need to offset the cost of increased spending. And that’s what republicans object to. But you should never have to offset cost of a deliberate decision to reduce tax rates on Americans.

Kyl is not only a deficit peacock, but he’s also a deficit fraud. On the one hand, he attacks Obama for rising deficits but at the same time says that multibillion dollar tax cuts “never” have to be offset.

Earlier this year, Kyl defended Sen. Jim Bunning (R-KY) for blocking a measure to extend unemployment benefits. “All Senator Bunning was saying quite correctly is it ought to be paid for,” Kyl said. So while Kyl advocates on behalf of the wealthy, he has no problem reverting back to being a deficit hawk at the expense of the less well-off.
Just recently Kyl claimed the President told him something about immigration. The right-wing media echoed every word. A few days later, Kyl emerged from his mental fog and walked back his claim. Nice to know that we're in the middle of an economic crisis Kyl helped create and he can't seem to have a coherent thought about any important issue facing the country. In his defense that is pretty much true of most conservatives.

The Wealthy are the Biggest Mortgage Defaulters
While Republicans continue to block jobless benefits for those they deem undeserving, a different morality play is at work in the nation's foreclosure crisis. As the New York Times reported this morning, the biggest defaulters on mortgages are the rich. Even as U.S. income inequality hit levels not seen since 1929, wealthier Americans, whose recovery from the recession is already well underway, are walking away from their homes at far greater rates than everyone else.
That decadent attitude which lets the rich just walk away from their responsibilities has been cultivated by conservatives for decades. And so much for the Republican narrative that the poor and working class are the irresponsible ones.