Last night, Barack Obama promised to deliver universal health care, cut taxes for 95 percent of taxpayers including most small businesses, and be a net spending cutter even though he has not specified a major program he would eliminate to offset the several he would create or expand. When Republicans promise to cut taxes and balance the budget simultaneously, even when the tax cuts are growth-oriented reductions in marginal rates with proven dynamic revenue effects, Democrats always call them on it. Unless I missed, Bob Dole, I mean, John McCain let this pass by, except maybe when bringing up some earmark with a trivial price tag. Obama has even hinted that he might keep some of the Bush tax cuts for the middle class and withdraw more slowly from Iraq while he is building up troops in Afghanistan — where is this money going to come from? Obama didn’t say and McCain sure didn’t ask.
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That’s right, the Grinch (Joe Biden) is coming for your pocketbooks this Christmas season with record inflation. Just to recap, here is a list of items that have gone up during his reign.
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