Pelosi and Co. are pushing forward with a spending bill that somehow manages to both raise taxes and increase the debt to the tune of $134 BILLION MORE!!!!
Unfriggin' believable!!!!
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Or, as Keith Hennessey suggests in his must-read deconstruction of the big-spending bill Congress will approve this week, the Call It Anything But Dont Call It Stimulus Act. Nancy Pelosi calls it the American Jobs and Closing Tax Loopholes Act of 2010, which forms the acronym AJCTLA, and that sounds like nonsense when spoken. Its a perfect match for its title, as Hennessey explains, because it does nothing to help American jobs and everything to allow Congress to help itself to even more fantasy money.
In fact, it manages to both increase the deficit and hike taxes, a rather neat little trick that one might think would embarrass even Democrats in 2010. The CBO confirms that AJCTLA has the following long-term consequences:
$40 B net tax increase
$174 B spending increase
$134 B deficit increase
Hot Air The Hypocrisy Act of 2010
Unfriggin' believable!!!!
____
Or, as Keith Hennessey suggests in his must-read deconstruction of the big-spending bill Congress will approve this week, the Call It Anything But Dont Call It Stimulus Act. Nancy Pelosi calls it the American Jobs and Closing Tax Loopholes Act of 2010, which forms the acronym AJCTLA, and that sounds like nonsense when spoken. Its a perfect match for its title, as Hennessey explains, because it does nothing to help American jobs and everything to allow Congress to help itself to even more fantasy money.
In fact, it manages to both increase the deficit and hike taxes, a rather neat little trick that one might think would embarrass even Democrats in 2010. The CBO confirms that AJCTLA has the following long-term consequences:
$40 B net tax increase
$174 B spending increase
$134 B deficit increase
Hot Air The Hypocrisy Act of 2010