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Monday, January 19, 2009

Pelosi Wants to Raise Taxes Immediately

It's hard to imagine that a Speaker of the House could be more ignorant of economics than Nancy Pelosi. She believes it is a good idea to repeal Bush's tax cuts immediately, which would be the largest tax hike in history - all in the face of a severe recession. If the Democrats want to be responsible for another Depression, Pelosi and her Democrat friends in Congress know the way.