Yesterday's Leftovers For 6/23/10: Some Possibly Good News

This is refreshing to see, because it is one of the only ways we seriously can get our of the deficit instead of the insane constant conservative attacks on social security, Medicare, and even education now:

House Majority Leader Steny Hoyer (D-Md.) hinted in a speech Tuesday that House Democrats do not consider family incomes of $250,000 an inviolable threshold, despite Obama’s pledge.

He said at the event sponsored by the Third Way think tank that “at a minimum,”the House would not extend the tax cuts to taxpayers above $250,000.

Hoyer argued that higher taxes would be necessary to address the $1.5 trillion federal deficit and downplayed threats that such action would hamstring the economic recovery.

He noted that tax increases in the early 1990s raised government revenues from 17 percent to 21 percent of gross domestic product and ushered in a decade of prosperity.
“Raising revenue is part of the deficit solution, too,” he said, adding that Congress must also cut spending.

Hoyer said a compromise to cut spending and raise taxes is the only deficit-reduction plan that has a chance of succeeding.

Now two things that are very concerning here in an otherwise nice thing to have your eyes lay upon.

Hoyer was at an event sponsored by Third Way, the pain in the you know what organizations of all pain in the you know what organizations , who only care about their insider DLC ways more than they ever will about progressives and the rest of the nation.

Also, Hoyer, in his always apparently Blue Dog ways, wants to always make sure that suspending be cut without ever mentioning how we need to get out of unstable stupid wars. You know, those wars that lead to certain viewpoints from those leading operations over there to make total fools of themselves in certain publications?

Other than those two critic aspects that should not be overlooked, Hoyer's comments are refreshing to hear from an insider like him about the need to rid off of those insane tax cuts for those with plenty of ostentation in this nation.

How the Obama Administration hasn't been preparing "the rich" to fully understand that their wonderful tax breaks will be ending for them (in order to fulfill his campaign promise) is very disconcerting, and something that he needs to just simply do. There is no gray area here on doing it and not doing it, though the slippery slope of raising taxes on those over $200K and not $250K like was stated on the campaign trail two years ago will draw the ire of the Beltway idea media and the nutcase party opposite of him.

Either way, people are starting to see the instability of just our stupid current national tax system.