BACHMANN:[W]e’re pleased to see that we’re looking at a two percent reduction in the payroll tax, what we normally call the Social Security tax for employees. … What this will mean is a decrease in revenue for the Social Security Trust Fund. That will, again, add to the deficit going forward. So both of these measures that President Obama is proposing will actually have a cost towards increasing the deficit.
KELLY: Is it worth it to you though, to give the president the things that he’s asked for, like the extension of unemployment benefits, in order to preserve tax cuts for all Americans? [...]
BACHMANN: It’s curious to me that they say there’s a cost involved when people are allowed to keep their own money. And they’re talking about Americans being able to keep $700 billion of their own money. The cost is to the Treasury, but really it’s a cost out of the American peopeles’ pockets. So that’s a definition of terms.
The real cost will be in the outlay of unemployment benefits and in the reduction to the treasury in the Social Security taxes.
So there's a cost, but there's not a cost, so tax cuts don't really cost anything, but if you don't pay those taxes it will, but it only applies to not being a cost if the person whose money is being saved is rich enough not to really notice the saved money because it doesn't matter...cost...no cost...error...*head explodes*
Sorry about that. The woman is exasperating in the density of her ignorance. It's the mental equivalent of neutronium fruit cake. Best part: before she became The Country's Dumbest Congressperson(tm), she was The Country's Worst Tax Lawyer(tm).
On the other hand, scientists are thrilled at this exciting discovery in Quantum Bachmathenomics and are wondering if we can use it to power the Infinite Improbability Drive, and there's even hope that this discovery may surpass bistromathics in its applications.
The woman is exasperating in the density of her ignorance.
ReplyDeleteShe ain't ignorant, brother. Considering that she, nor her clients, are presently in jail for tax evasion or fraud, this can't be a function of higher stupidometrics.
She'll just happily regurgispeak whatever stump-dumb madness that her donors want said, or that her sad base might care to hear. In this case, it's "rich guy tax cuts? FREE! Middle class tax cuts? EEK, DEFICIT!"
Unless you're planning on building the Heart Of Gold-Digger, and powering it on gigajoules of shamelessness, it's back to the drawing board.