After inheriting a surplus of $1.5 Billion when he became Governor of Virginia and squandering that nest egg into a $4.5 Billion Dollar Shortfall, Tim Kaine has proved that Tim Kaine-sian economics simply do not work.
Note to the Kaine Supporters: Tossing out a drive-by budget that massively raised taxes on Virginians to fix his budget shortfall which received not a single vote in the General Assembly – even from fellow Democrats – does not constitute balancing a budget. You actually have to pass a budget in order to balance it, something that seems to escape all Democrats – especially Harry Reid who has not even submitted a budget. So please scratch that off your talking points. Kaine left a $4.5 Billion shortfall that Governor McDonnell had to clean up.
You would think that Tim Kaine would have learned a lesson with that drive-by budget he tossed out of his limo as he headed to DC to become a permanent ring kisser to Obama.
Now he’s at it again, looking to split the baby between Obama’s massive tax increase and the Republican plan to not raise taxes on anybody until we get out of this Obama Recession, or as VP Biden calls it, a Depression. (I don’t often agree with Crazy Joey, but he may be onto something here.)
Tim Kaine now admits that raising taxes on the job creators during a bad recession is not a good idea. While he did not say that in so many words, actions speak louder than words. Kaine proposes to move the “rich” high water mark from Obama’s $250,000 to $500,000 obviously agreeing that higher taxes on the job creators is not a good idea.
But the point is, raising taxes during a recession is a bad idea wherever you set the bar. Period.
So Kaine is willing to thwart job creation a bit less than Obama is trying to do. And to his followers and the Editorial Board at the Times Dispatch (which are mostly one and the same), this is “a good idea”????
At best, it’s a less bad idea. Nothing more.
Which is about all you can expect from a former Governor who left the state without a pot to pee in. Literally!
The widely known story of King Solomon settling a dispute between two women both claiming to be the mother of a child springs to mind. Like Kaine, Solomon offered up a compromise that was completely ridiculous and actually made the situation worse.
Unlike Kaine, Solomon was wise enough to know that the real mother would rather give the child away than see it harmed. Kaine is perfectly willing to cut this baby in half and pretend this passes for wisdom no matter the fact that higher taxes on business will do what higher taxes always do – slow down job growth.
If only there were a wise King like Solomon who had a better plan at the ready.
Like exempting businesses and IRS Form K-1′s from any tax hike so we don’t harm job creators in a recession.
A tax on higher non-business income would either raise federal revenue or see the money sheltered by investing the extra cash in jobs to avoid taxation.
And isn’t that the point? To see more private money invested in jobs?
But Tim Kaine and Barack Obama are neither wise nor interested in creating jobs. They are perfectly happy to create class warfare and government dependency instead.
There’s nothing wise about that.
Article written by: Tom White
