From the Wall Street Journal:
The drive for a major deficit-reduction deal entered a new phase Thursday when Republican negotiators pulled out of bipartisan talks, leaving it to President Barack Obama and House Speaker John Boehner to resolve the toughest issues.
House Majority Leader Eric Cantor (R., Va.) said he was backing out of the talks for now because the group had reached an impasse over the question of whether tax increases should be included in the deal…
There must be no increase in taxes UNLESS there is already a bill passed and signed in to law cutting spending. And even then it really shouldn’t happen – but if Democrats want to insist that part of the problem is on the revenue side, they should first have to prove they are serious on the expenditure side. Give us $500 billion in cuts to next year’s budget and then, perhaps, we can talk about taxes…but, cuts first and foremost and far in excess of any tax increase (and, of course, if we do decide to go along with a tax hike, it should be my proposed “wealth tax”…let’s hit the Democrats where it really hurts, in George Soros’ wallet).
Democrats, though, aren’t serious – they are looking for campaign issues. They don’t care about America or what happens. They are hoping that Bernanke and the rest of the bankster-bureaucrat combine can keep the economy out of recession until November of 2012 and, meanwhile, counting on a fear and smear campaign to carry Obama to victory.
Our task is to press them relentlessly. We need to force the Democrats to go in to 2012 defending Big Government and tax hikes. And we can do it, too – provided we don’t allow RINOism to provide “bi-partisan” cover on a tax hike or only cosmetic spending cuts.
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