So, Nancy Pelosi was out, singing a “new tune”, so to speak. Some of the verbage was surprising, but, as always, context proves what conservatives have always been saying: the new democrats are nothing but leftist socialists.
Let’s see what she said:
Day One: Put new rules in place to “break the link between lobbyists and legislation.”
Day Two: Enact all the recommendations made by the commission that investigated the terrorist attacks of Sept. 11, 2001.
OK, so far, no real objections, but look at it in a realistic light. Campaing Finance Report formed the 527 and didn’t really “get the big money out of politics”. “Lobby reform” is going to just fix the current problems, and, as always, the lobbyists will find a new way to skirt the system.
As for 9/11 commission recommendations, some were impractical and were not implemented. But, the important revelation– in order to implement the recommendations, Congress will have to spend more money. Smell a tax hike? I do.
Here’s some more of what she said:
Cut the interest rate on student loans in half. Allow the government to negotiate directly with the pharmaceutical companies for lower drug prices for Medicare patients.
Broaden the types of stem cell research allowed with federal funds — “I hope with a veto-proof majority,” she added in an Associated Press interview Thursday.
All the days after that: “Pay as you go,” meaning no increasing the deficit, whether the issue is middle class tax relief, health care or some other priority.
To do that, she said, Bush-era tax cuts would have to be rolled back for those above “a certain level.” She mentioned annual incomes of $250,000 or $300,000 a year and higher, and said tax rates for those individuals might revert to those of the Clinton era. Details will have to be worked out, she emphasized.
“We believe in the marketplace,” Pelosi said of Democrats, then drew a contrast with Republicans. “They have only rewarded wealth, not work.”
“We must share the benefits of our wealth” beyond the privileged few, she added.
The colored emphasis bits are mine. Let’s start with green. Student loan interests rates should not be cut. They should be high and they should be scary. College should be a place where people go to get trained for life as a productive member of this economy. Instead we have people languishing for 6-7 years before they finally graduate with an Education degree and $80,000 in student loans. Please enlighten me. How can a change in interest rate possibly assist someone on a teacher’s salary making payments on an $80,000 loan? It’s insane.
College isn’t a privlege. Pelosi talks about “pay to play”, but doesn’t want that for people going to college? College is expensive. It’s scary. It’s an investment, and it’s a great investment, so long as you put forth your best foot, get a good degree, and make it pay off. Lingering for 6 years while accumulating debt is not a good idea. It’s a trap. We should make the interest rate 8.0%, and watch the kids scramble to get out in 4 years. But unfortunately we’re a “credit society”, and low APR is a great thing.
Anything in purple I’m all for.
With yellow, we have Pelosi talking about selling kids for medical experiments.
But the red bits are in red for a caution. Pelosi has now branched into socialism. Listen to the language. “Repealing tax cuts” means “tax increases”. Note than in a repeal there is nothing stopping a “correction to today’s values” for taxes, either.
“Pay as you go” is a scary statement. It sounds frugal, but it’s a doublespeak for “if we need money, we’re getting it from you.” Pelosi doesn’t want a deficit, fine. Netiher do I. But do I expect her to restrict federal funding? Of course not! So where does the money come from in order to pay for the social spending she wants? Why, it comes from you, dear taxpayer!
That much is clear when she says “we must share the benefits of our wealth”. Who’s wealthy, you ask? Anyone earning more than $25,000 a year. And you’ll feel that pinch when the tax cut repeal comes down the line.
What I think annoys me to no end is absolute dunderheadedness of the Democrats here. The economy is in awesome condition. Nothing’s stopping it. And one reason it’s recovering so well is an absence of excessive government restraint and taxation. So what does Pelosi announce she wants to do? She wants to strike the one Bush idea that stopped the recession and revitalized the economy!
Please, guys & gals, let’s not put this woman in as majority leader in 2006.