SURROUNDED BY STOMPING ELEPHANTS AND RHINOS: Obama Proposes Tax Relief for Small Businesses - WSJ.com
Does Obama's suggestions of all these small business support efforts bring to mind the idea of encouraging planting seeds in a field with giant roaming elephants nearby to stomp on anything growing?
There is no discussion of reining in or ring-fencing the giant entitlement elephant that is sucking up some say 85% of the federal budget.
The only solution promulgated to date by the Administration has been higher taxes on the 'rich'. We know the states are going broke due to their union pension and benefit obligations. This is just icing on the cake and maybe a lurking rhino for those states with these problems.
Somehow, these proposed programs (part of the 'sputnik' moment?) seem more like the same failure of the first two years of this administration, where additional entitlements rather than even talking about job creation (or controlling the entitlements) were the focus.
Monday, January 31, 2011
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