Wednesday, September 21, 2011

Bill Clinton: "No New Taxes." Huh?

You know we're living in very bizarre times indeed when former President Bill Clinton says that new taxes will not solve our financial woes.

Let that sink in for just a moment...Bill...Clinton.

Another oddity to the story is that it was Newsmax to whom Clinton gave that quote.  He said:
“I personally don’t believe we ought to be raising taxes or cutting spending, either one, until we get this economy off the ground."
He continued:
“If we cut government spending, which I normally would be very inclined to do when the deficit’s this big, with interest rates already near zero, you can’t get the benefits out of it,” Clinton said. “So what I’d like to see them do is come up with a bipartisan approach, starting with the payroll tax cuts because they have the biggest return.”
It would appear to most of us that the former President is becoming increasingly conservative in light of his party's failure to do that which they promised in previous election cycles.  President Obama's approval ratings are at record lows and unemployment continues to soar.

Could it possibly be that bipartisan efforts are around the corner?  Perhaps everyone in Washington is finally getting a grip on the reality that our economic situation must take a front seat to everything else.

David