Saturday, September 17, 2005
Seriously, why not?
ax hikes or any cuts in military spending, or both, would give the Terrorist-Liberal Axis exactly what it craves: a damaged American economy or a drop in U.S. troop strength, or both. A better alternative to raising public funds for Katrina recovery efforts may therefore be issuing long-term treasury bonds, including state municipal bonds. Because they won't have to be paid back for decades, there'll be no massive deficit increases inflicted on our budgets. With a still growing economy — because it'll remain undrained by any tax hikes on productive citizens, as well as less subject to take any further hits from terrorists otherwise emboldened by reduced military support to again attack us here — we can more easily afford the periodic interest payments on those bonds than trying to siphon off from current revenues the full amount.
Such bonds are attractive to investors because they are exempt from state and local income taxes. In the case of Katrina Bonds, we can elevate their attractiveness by exempting them from federal income taxes as well. This will ensure that they all are sold in time to reduce the impact of present relief spending on next fiscal year's federal and state budgets.
So do we help terrorists and liberals and wreck our economy both at the same time by following the Hilldabeast Pay-It-All-Now-Through-Higher-Taxes "Plan" (which in all likelihood could not be enacted in time to fully offset the financial hits on our next budgets), or do we more frugally use our economic strengths to pay off in less harmful, periodic installments the immediate issuance of Katrina Bonds? The added advantage of the latter is we won't have to even contemplate reducing expenditures on our war for totally defeating all vicious, civilian-bombing terrorists at a time when we have them on the run and they are desperate. (Advantage to non-liberals, anyway.)
I say we don't help terrorists or liberals. Let's start issuing those Katrina Bonds right away.
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