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“Let’s keep borrowing and stick our kids with the tab.”

Posted by WhoSaidYouSaid on November 13th, 2010
 
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That’s from the campaign of Hugh Jidette, a fictional (we hope) presidential candidate whose name, pronounced “Huge Debt,” embodies the worst borrow-and-spend tendencies of the political class.

It comes courtesy of the Peter G. Peterson Foundation, which defines its mission as increasing “public awareness of the nature and urgency of key fiscal challenges threatening America’s future and to accelerate action on them.”

It’s timely multi-million dollar campaign (including TV ads in Colorado and Ohio) is intended to front-run the 2012 presidential race and drive action, through the Owe No website, on the $13.8 trillion federal debt.

“Hugh Jidette has pledged to uphold the inalienable right of every citizen to life, liberty, and the pursuit of indebtedness. His work on behalf of over spending and under taxation has earned him countless awards and accolades from many banking institutions, as well as America’s key international competitors,” reads part of his phony biography.

The reference to “under taxation” raises the question of “Under taxation of who?”

It’s the same question that’s coming up in the White House Deficit Commission that proposes a variety of methods to cut the growth of the debt in half by 2020. [Two staffers of the commission have Peterson Foundation connections.]

Americans for Tax Reform, Grover Norquist’s group, says the commission is proposing nearly $1 trillion in new taxes to achieve its targets.

The left worries that the commission report (and the Peterson Foundation) is targeting Social Security, as indicated by this Huffington Post report.

What needs serious discussion is radio host Rush Limbaugh’s proposal to cut cut income taxes by 10 percent (“…How about a 10% across the board income tax cut? Just every rate, every bracket right now, cut it by 10%”) and to cut spending by 10 percent (“…Just cut everything 10%, including defense, cut everything across the board 10%”).

Read more of Limbaugh on “The Daunting Task of Seriously Cutting the Size of Government.”

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One Response to ““Let’s keep borrowing and stick our kids with the tab.””

  1. Gerry says:

    Love these ads. I think everyone is finally getting sick of the political doublespeak that’s become de rigueur among American pols. By poking fun at a fictional pol who actually admits he wants to empty your pockets, it makes you think about what the real candidates are constantly repeating in those incredibly boring talking points. (Ugh, I HATE TPs!!!)

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