Tuesday, October 25, 2005

Where Have All the Fiscal Conservatives Gone?

Here's an interview with Connie Mack, former GOP Senator from Florida and W's lead advisor on tax reform.

He seems completely out of touch with economic reality. His idea of revenue is borrowing from Saudi Arabia and China. That's great: put America's economic security in the hands of fanatical Muslims and nominal Communists.

He thinks tax relief should be for heiresses, but he wants to raise taxes on the middle class by severely reducing the home mortgage deduction. I guess you'd rather pay taxes when you are trying to raise your family than after you die.

My favorite gem: he thinks that $500,000 is a lot of money for a house. He probably bought his DC home long before the current bubble. My tiny one-bedroom condo is approaching that amount, and probably above his proposed tax limit. That kind of money won't even get you a second bedroom around here. I've never considered a 2-bedroom condo to be a luxurious home for a family of four.

If this guy were some whacko from the Heritage Foundation, it would be one thing. This guy spent 12 years in the Senate from a large state and is a major force behind Bush's tax policy.

Listening to him, it's no wonder we have record deficits while poverty grows in America.

Connie Mack Interview

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