Letter: Tax breaks are not chump change
To the Editor:
Two weeks ago, Congressional Republicans were squealing about all the "pork" and voting against President Obama's $819 billion stimulus package. Last week Obama introduced his budget and we learned that 40 percent of the budget "pork" came from Republicans.
Even though Obama's stimulus package contains $247 billion in tax relief to individuals, Republicans laugh it off as only $13 a week per person. Republican spokesperson Rush Limbaugh said Obama's tax relief amounts to a McDonald's Happy Meal. Actually, Happy Meals cost $2.49. Limbaugh, who earns $33 million annually ridiculing cripples and homeless people, probably considers an annual tax break of $676 chump change.
Ignoring the debt pile accumulated from 20 years of Bush and Reagan, Washington Republicans see Armageddon in Obama's deficits.
Meanwhile, Republican governors shout hallelujah as stimulus manna rains down on their unemployment and deficit-ravaged states.
Republicans spitefully call President Obama "the Anointed One." A decade ago, Republicans wanted Reagan's face chiseled on to Mt. Rushmore. Reagan worshippers still wait for him to ascend on Capitol Hill with his gospel of "supply-side economics."
President George Bush Sr. called Reagan's gospel "voodoo economics." Reagan's voodoo tripled the national debt and took America from the world's largest creditor nation to the largest debtor nation.
In 2007, President Bush predicted a budget surplus in 2012. The economic train wreck left by Bush includes the largest federal deficit and national debt in U.S. history.
As President Obama battles the worst economic downturn since the Great Depression, he should take heart in the words of President Reagan who said, "I am not worried about the deficit. It is big enough to take care of itself."
James P. Nelson