NBC'S WILLIAMS AND TODD: NO IDEA WHERE MONEY COMES FROM

As Congress is forcing Obama to extend the current tax rates rather than let them expire, the quid pro quo is yet another extension of unemployment benefits and a reduction in the social security tax. While reporting to NBC's Brian Williams, whack job Chuck Todd bemoaned the notion that Government would suffer a significant loss of income - $450 Billion - as a result, perfectly illustrating that he's either completely ignorant of where money comes from or he's in on the scam.

Via NewsBusters:

TODD: Brian, none of this is paid for. In terms of lost revenue for the government next year, it's $450 billion, nearly half a trillion dollars. To compare this, in comparison, the stimulus that President Obama put in, enacted back in early 2009, that cost on an annual basis, approximately half a trillion dollars. So the deficit in the short term is going up. Whether it's on Social Security or all sorts of things, none of that has been dealt with with this plan.

What Todd doesn't get - intentionally or unintentionally - is that the government only wastes money; it does not save nor protect it. Conversely, businesses either MAKE money or go out of business. As a consequence, the businesses that remain in existence are ones that can actually PAY the government. It has been proven over and over again that when tax rates drop, tax revenues increase.

This is lost on Chuck Todd and once again, liberals prove they have no idea where money comes from.

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