Lowering Tax Rates Will Create Economic Turmoil?

President Obama's mouthpiece, errrr, top economic adviser Jason Furman recently came out against extending Bush tax cuts for Americans with the highest incomes.

The economic rationale he offered for not extending these tax cuts was, to say the very least, not remotely compelling.

"Jason Furman, deputy assistant to the president for economic policy, said a proposed short-term extension for the rich that some economists have advocated would put the country on a slippery slope it would be tough to pull back from.

"There is a concern that (if) you extend those tax cuts for even a year, and that is a way to get a foot in the door ... and make them permanent," he told an event in Washington on the impact of tax policy on families."

Again, for those of you too dense to understand Beltway logic, if the tax cuts are extended for a year, they could be then made permanent, which might then be a "slippery slope".

Got it?! Okay, good.

In all seriousness, the Democrat's opposition to extending the Bush tax cuts is entirely a political decision and has nothing to do with economics.

Trotting out the economic adviser to defend President Obama's stance on this matter is like asking the Secretary of Transportation to comment on the egg recall.

In what perverse universe do you have to live to think that enabling Americans to keep more of their hard-earned money somehow equates to a "slippery slope"?

Only in a world where politicians think that private property exists solely to allow them to regularly plunder it to pursue their own political goals.

In fact, allowing Americans to retain more of their private property is the only way to get us out of the current financial mess that the government has directly and indirectly put us into.