Sen. Jon Kyl gives this week's Republican address (video here). It's more than just the same Republican arguments about cutting government simultaneously with raising the debt ceiling. Sen. Kyl discusses the devastating economic news that most media ignored yesterday while focusing on the Boehner bill vote. Yesterday we learned that the economy only grew 1.3 percent last quarter, and in the first quarter grew only .4 percent. The second dip of this recession is almost upon us.
Kyl also notes that the tax hikes -- excuse me, "revenue increases," that Democrats want to feed their massive programs will not just hit billionaires. Rather, the tax hikes will necessarily be much broader, and will therefore hit middle-class Americans, unless Democrats agree to scale back the size of the federal government. As Kyl notes, a tax hike in the midst of an economy that is even weaker than we had previously understood is a combination that will kill jobs.
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