Monday, November 29, 2010

Fiscally ridiculous

Earlier today,new Illinois congressman Mark Kirk decided to stop by all of the cable news morning shows to talk about the budget. In particular he talked about extending unemployment insurance and the possible extension of the sweeping tax cuts made by former president Bush in 2003. Those tax cuts were only possible thanks to a tie breaking vote by former vice president Dick Cheney. As expected Mark Kirk is in favor of extending those tax cuts but not in favor of extending unemployment benefits because it would just add to the deficit. Of course he fails to note that extending unemployment benefits would cost 60 billion dollars but extending those tax cuts would cost more than 100 billion dollars in just one year. Now that we know a few facts here's Mark Kirk trying to make a case as to why tax cuts are great but giving the unemployed enough help to pay for food is a horrible idea.

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