Suicide is Painless: Cantor Steps Up
I’m trying out “Suicide is Painless” as the title for all “stimulus” blog posts (playing off of the “2009 Fiscal Suicide Act.” I know it doesn’t have the same ring as “Grand Theft Auto Bailout,” but let me know what you think.
You may not have caught on by now, but I’m becoming a huge fan of Eric Cantor’s. It bothered me that John Boehner wasn’t asked to fall on the sword after the 2008 elections (I supported Paul Ryan for the Minority Leader post), and so far Cantor seems to be the one stepping up as the leading voice for the Republican party…almost as a future Newt Gingrich is the making.
Anyways, while everyone is focused on the Obama Inauguration and our thoughts and prayers are with the new President, Cantor still has his mind on our money and our money on his mind…in other words, the 2009 Fiscal Suicide Act. He wrote an editorial for CNN.com on what Republicans want to see in any stimulus bill…
While deflation may be the more immediate threat that the Federal Reserve and Treasury Department are correctly focused on, uncontrolled spending and borrowing could easily necessitate much higher Treasury interest rates to keep foreigners financing our mounting debt. Especially given the looming entitlement crisis, this poses heavy danger for businesses and families alike.
Let’s not lay the groundwork for future financial catastrophe. Let’s lay it for future growth. The stimulus can do that by focusing exclusively on strengthening businesses, boosting job creation and lifting consumer confidence. Our preferred strategy is to provide meaningful tax relief directly to middle-class taxpayers and the small businesses that they operate or work for.
Particularly in down times, tax cuts can lift an economy by encouraging work, investment and business expansion. That should be the aim of the $300 billion in tax cuts the president-elect has pledged — an apparent recognition, however overdue, that tax cuts are in fact stimulative for the economy.
I stand by what I said aboot this being a “Legacy Vote.” If it turns out Obama has been all talk aboot working with us, and the 2009 Fiscal Suicide Act stays the way it is, let the Democrat party pass it without our help. I guess the next few days will tell us all we need to know.
Though as I read editorials like this and other comments from Cantor, as well as everything he’s been doing with the Republican Whip website, it does make me wonder…what if John McCain picked him as his running mate.
But that’s a blog post for a different time.
An as a special treat to @DaveNF2G and @vannschaffner…
UPDATE: This has nothing to do with Cantor, but is anyone really surprised by this? Lou Dobbs just plotzed.
UPDATE DEUX: Um…what?!?
UPDATE TRES: HOTT!!!
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