Wondering what Congress' reaction will be if the Democrats sweep into power and Obama wins the Presidency? Look no further than Barney Frank:
"I think at this point there needs to be a focus on an immediate increase in spending and I think this is a time when deficit fear has to take a second seat . . . I believe later on there should be tax increases. Speaking personally, I think there are a lot of very rich people out there whom we can tax at a point down the road and recover some of the money." -- Barney Frank, October 20, 2008
Apparently Barney Frank believes that he is a joint owner on all the bank accounts owned by these "rich people," and he can just withdraw however much money he wants to fund his new government projects.
Even beyond this objection, Barney Frank appears to be stuck in the mindset of 1960's economic policy-- in a recession? Give more money to the government to spend! Sure, we have been accumulating huge deficits over the past few years with no apparent surge in economic growth, but why let failure stop you from continuing the course?
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More government is not the answer. Unfortunately, the R's let conservatives down the 6 years they had control of the Executive and Legislative branches and made government even BIGGER!
Can you imagine what the D's will do unchecked? The Federal government is OUT OF CONTROL!
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