Ronald Reagan's Budget Director Says Repeal the Tax Cuts: Republicans "Should be Ashamed"

[babsbunny]

Ronald Reagan's Budget Director Says Repeal the Tax Cuts: Republicans "Should be Ashamed"

http://blog.buzzflash.com/node/11933

Submitted by mark karlin on Thu, 11/11/2010 - 5:55pm

Peggy Noonan, a speechwriter who helped craft the Disneyesque aura for Ronald Reagan, wrote a book, "What I Saw at the Revolution: A Political Life in the Reagan Era." It lavished praise on the "Gipper."

David Stockman, who was Reagan's budget director, has gone in another direction. He's renouncing deficit-building tax cuts, calling for their rollback.

"We've had a 30-year spree of really phony prosperity in this country," Stockman recently told Leslie Stahl on "60 Minutes."

Stockman derided the "anti-tax religion" of the GOP.

"Well it's become in a sense an absolute. Something that can't be questioned, something that's gospel, something that's sort of embedded into the catechism and so scratch the average Republican today and he'll say 'Tax cuts, tax cuts, tax cuts,'" Stockman told Stahl. He added, "To stand before the public and rub raw this anti-tax sentiment, the Republican Party, as much as it pains me to say this, should be ashamed of themselves."

[NC_Nurse]

1. Both parties should be ashamed that they even entertain the idea of continuing to bankrupt our count

[KansDem]

2. I didn't find the word "repeal" in any of the written transcript.

I think this distinction needs to be made clear. The only place I found the word "repeal" was in the Buzzflash title for its article.

This is not a repeal of the tax cuts, as Republicans want us to believe. This is simply letting them expire. Bush and the GOP put in the expiration date with their vote to pass this POS legislation through reconciliation.

Obama and the Democrats are repealing nothing...

[Drale]

3. Republicans have no shame

that is why they are republicans, if they could feel shame they would be democrats.

[Scuba]

4. I'm sure this story will be all over the MSM.