Congressman Patrick Murphy voted for the $26 billion bailout supposedly to be used to save teacher and policemen’s salaries. No surprise there, but what’s interesting is a comment he put out in the center of his press release.
“Keeping cops on the beat by closing down Bermuda tax shelters for big corporations makes sense to me,” Murphy said.
If you aren’t aware of this latest example of Democrats (and Murphy’s) absence from their college Economics 101 classes, what happened is this: Nancy Pelosi called Congress back from summer recess (and all those town halls they’d scheduled–NOT) to vote on a $26 billion spending bill. Supposedly the bill will provide $10 billion for states to keep teachers on the job, and $16 billion to keep policemen on the beat. Understand that there is plenty of money in previous stimuli to pay for these “needs” IF the Democrats were willing to use it.
Instead, they are saving that stash of cash for who-knows-what and are claiming to pay for this $26 billion by what Murphy says is “closing down Bermuda tax shelters.” What the Dems are actually claiming is closing down a supposed tax loophole used by multinational corporations. (NOTE to Patrick Murphy–this is not a Bermuda tax shelter.)
What Murphy doesn’t mention in his press release is that the other place the Dems claim to find money to fund these paychecks is by reducing food stamp benefits for the poor. Of course, that’s not something he wants to come out, and it’s probably not something that will happen.
In other words, the Dems are claiming that they’ll cut the food stamp costs, but will they?
Congressman Murphy, we’ll be waiting for your press release on that–IF you’re still in office.