Barney Frank's plans will certainly turn an economic crisis into a full scale depression. This, of course, is not too troubling to the left, as crisis is what they need to get otherwise sensible people to buy their snake oil. When there isn't one, they invent one, but a real crisis is much, much better for the Glorious Revolution. Barney in South Coast Florida Today:
After the November election, Democrats will push for a second economic stimulus package that includes money for the states’ stalled infrastructure projects, along with help paying for healthcare expenses, food stamps and extended unemployment benefits, U.S. Rep. Barney Frank said Thursday.
In a meeting with the editorial board of The Standard-Times, Rep. Frank, D-Mass., also called for a 25 percent cut in military spending, saying the Pentagon has to start choosing from its many weapons programs, and that upper-income taxpayers are going to see an increase in what they are asked to pay.
The military cuts also mean getting out of Iraq sooner, he said.
.....
…Also, he said, “we’ll increase the federal share of medical care so states won’t have to lay off people.” Unemployment insurance benefits won’t increase, he said, but the period of collecting them will, and eligibility requirements might be relaxed.
And, ultimately, there will be tax increases on the upper brackets. “We’ll have to raise taxes ultimately. Not now, but eventually,” he said.
He neglected the re-introductions of the Orwellian-named "fairness doctrine," which is sure to be a priority. Free speech can not be tolerated from those with whom the wealth-spreaders disagree.
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