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How economically sound was it to hand Big Oil $12 billion last year, $13 billion this year and already the GOP House handed a nice fat insurance claim of $14 billion projected for next year. Economics? Or Wreckonomics?
The reason the GOP is dragging its feet on passing the Obama Administration budget is a real hoot. It puts the House GOP and Senate in a real dither with their Emperor Norquist's edict on "NO Taxes on the wealthy." The Obama budget, for those who haven't read it, contained a 30% across the board tax rate on anyone earning over $5 million a year. And, it also includes an end to corporations who post record profits year after year from getting a dime of our tax revenues. And just why should they? So they NEVER have to tap into their profits? So they never have to worry about stagnated salaries?
A kid in kindergarten has more brains than these crony capitalists. The reality is the GOP is a tool of the neoconservative wealth machine. It is no longer a political party of the people, for the people, by the people and no amount of economics coverup is going to hide that reality.