Rubio is Not a Keynesian, After All

This sounds to me like the Marco Rubio of Tallahassee ( and his famous 100 ideas!)–his fight for distant issues and achieved little actual progress in deficit and tax reduction.

From Marco Rubio,

“The past two years provided a frightening glimpse at what could become of our great nation if we continue down the current path: wasteful spending, a growing debt and a government reaching ever further into our lives, even into our health care decisions,” he said. “It is nothing short of a path to ruin …”

…“This means preventing a massive tax increase scheduled to hit every American taxpayer at the end of the year. It means repealing and replacing the disastrous health care bill. It means simplifying our tax code, and tackling a debt that is pushing us to the brink of our own Greece-like day of reckoning.”

Rubio’s warning – and threat to the White House – sounds almost apocalyptic, as if the election campaign continues. Which, in a way, it does.

via President Obama, Marco Rubio face off on tax cuts – CSMonitor.com.

Dear Mr. Rubio,

Most of the debt came from the Bush Administration, the TARP, the Obama stimulus package and the fall in the economy that cut tax revenue; it is almost impossible to make a difference by eliminating “wasteful spending” (all newly elected politicians want to end wasteful spending not affecting their state or district); government overreaching (do forget war spending, the TARP passed by President Bush and a stimulus package a lot of which was tax cuts) that saved the banks, GM, and about 2 to 3 million jobs; the government is already deeply embedded in our health care in medicare and medicaid; the tax decrease in January for the rich will cause a huge increase on our debt and deficit of at least $700 billion without creating jobs.

Yes, we need to deal with the debt caused by mismanagement of the financial system by prior governments, the current government and the need to grow jobs.  Let’s see if you and the others in Washington are willing to cut social security, medicare, medicaid, but, above all raise taxes to pay the bill.

This will be interesting.

About Stephen E. McGaughey
International consultant in economic development programs and projects

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