WASHINGTON, Oct. 27 RNC-Barney-Frank
WASHINGTON, Oct. 27 /PRNewswire-USNewswire/ -- The following is an excerpt from The New York Post, and is being released today by the Republican National Committee:
(Logo: http://www.newscom.com/cgi-bin/prnh/20080519/RNCLOGO )
[R]ep. Barney Frank (D-Mass.), who has told a hometown newspaper House Democrats will seek a 25 percent reduction in defense spending upon Obama's ascension.
Oh, and stand by for a big tax hike. ...
He was one of the folks who pushed so hard to turn the federal housing lending corporations Fannie Mae and Freddie Mac into virtual social-services agencies; under pressure from Frank & Friends, Fannie and Freddie made innumerable improvident loans - in no small way precipitating the current financial crisis.
Now, having helped create the mess, Frank promised the newspaper he'd help mitigate it with increased federal infrastructure spending - plus cash for local healthcare expenses, food stamps and extended unemployment benefits.
How to pay for it?
Higher taxes on Joe the Plumber.
"We'll have to raise taxes, ultimately," Frank said. "Not now, but eventually." Forewarned is forearmed.
To View The Entire Article, Please Visit: http://www.nypost.com/seven/10272008/postopinion/editorials/barneys_big_mouth_135480.htm
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SOURCE Republican National Committee
