A message for those who would vote for the candidate who “won’t raise my taxes.”

Thomas L. Friedman of that liberal rag The New York Times hit the nail right on the head with his editorial today wherein he describes exactly why your tax bill will HAVE to be big, very very big.  The short of it is blame those don’t-tax-and-spend Republicans, who seem to think money comes out of the air and the United States is rich merely because we say we are, who went to college yet somehow were never taught the concept “there is no free lunch,” not even if God ordains you to spread your Free Markets to the rest of the world at gunpoint.  As Friedman summed up:

Never has one generation spent so much of its children’s wealth in such a short period of time with so little to show for it as in the Bush years. Under George W. Bush, America has foisted onto future generations a huge financial burden to finance our current tax cuts, wars and now bailouts. Just paying off those debts will require significant sacrifices. But when you add the destruction of wealth that has taken place in the last two months in the markets, and the need for more bailouts, you understand why this is not going to be a painless recovery.

Also:

We are all going to have to pay, because this meltdown comes in the context of what has been “perhaps the greatest wealth transfer since the Bolshevik Revolution in Russia in 1917,” says Michael Mandelbaum, author of “Democracy’s Good Name.” “It is not a wealth transfer from rich to poor that the Bush administration will be remembered for. It is a wealth transfer from the future to the present.”

But let’s not stop there. This week’s Newsweek—I know, I keep quoting those liberal trash publications instead of real Americans William Kristol and Bill O’Reilly, but bear with me—describes what a difference eight years and about fifty fewer IQ points at 1600 Pennsylvania Avenue makes:

When George W. Bush became president nearly eight years ago the world was largely at peace, the U.S. military was largely at rest, oil was $23 a barrel, the economy was growing at more than 3 percent, $1 was worth 116 yen, the national debt was just under $6 trillion and the federal government was running a sizable budgetary surplus. The September 11 attacks, for all they cost us as a nation, increased the world’s willingness to cooperate with us. You, by contrast, will inherit wars in Iraq and Afghanistan, tired and stretched armed forces, a global struggle with terrorism, oil that has ranged as high as $150 a barrel, a weaker dollar (now worth 95 yen), substantial anti-American sentiment, a federal budget deficit that could reach $1 trillion in your first year, a ballooning national debt of some $10 trillion and a global economic slowdown that will increase instability in numerous countries.

I’ve been saying for years that neo-con I-got-mine-fuck-you types who would vote for Satan himself if he promised to lower taxes were ruining America because of their instant-gratification, don’t-want-to-have-to-pay-for-it mentality—I went to college for four years and got my finance degree, which is supposed to be the ticket to Instant Wealth in this country.  Now I want that swimming pool and the Coach leather and the BMW.  When the next president looks us in the eye in his first post-election speech—and he’s going to do with no matter whether the “Socialist liberal Democrat” or “conservative Maverick Republican” wins—and says, “We are going to have to sacrifice big time and defer our dreams,” don’t look to welfare queens or minorities or liberals to blame.  Look in the mirror.  But, if you want some guilt relief, you can also look at the corporate logos of nearly every big business in America, those ones who engineer sweetheart tax exemptions with the threat of, “We’ll just go offshore and lay everybody here off if you don’t give us everything we want!”—and then do anyway.

That’s who’s responsible, no matter how much Rush and Sean and Fox News spin it, for our decline in the world, and the fact that today’s young people are not enjoying the standard of living we did a generation ago (while Europe’s, with all that horrible evil Socialism, is steadily going up), and it is going to get a lot lot lot lot lot lot worse, even as we are more and more and more and more and more in denial, unfurling bigger and bigger flags at sports events, chanting “USA!!  USA!!” louder and louder, and threatening more broken-down shit countries we’ve puffed up as “major threats to Democracy” with great bravado (Iraq, Iran, Cuba), while very quietly bending knee to and making deals with the real threats (North Korea, Russia).

The rest of Friedman’s excellent editorial is here.  The rest of the Newsweek article is here.  Think about them before you cast your vote, and remember what economic philosophy got us into this mess.

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