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There's no such thing as the Bush Tax Cuts except they pillaged the treasury and .... oh by the way....
just WHERE are all the JOBS these not-Bush-Tax-Cuts were supposed to create? After 8+ years of the Not Bush Tax Cuts, we have fewer jobs. FEWER. Not MORE jobs as promised. Tax cuts were supposed to create wealth and it did for 1% of us; the rest of us got PORKED. There was not NOT more 'investment' as promised that would spread prosperity - instead wages stagnated and financiers who CONTRIBUTE NOTHING to the economy made out with millions. AND YOU KNOW IT!
Tax cuts = JOBS? Not in the world I see. Not in the world now tanking on the hot stinking turd laid by the Repugicans. Who also think extending unemployment bennies is "wrong" when they created the mess.
What the hell are you smokin' ? cuz I'd definitely like some ASAP. Maybe I can gain your perspective by getting baked on some high quality bud.
The recision of the Not Bush Tax Cuts will reduce the deficit by 30%....and I thought the Repugnicans were all for cutting the deficit? Such hypocrisy. Such avarice. Such Ignorance. Such greed.
I used to think Repugnicans were stupid now I realize they think the rest of us are dumb asses who buy their homespun hoke-um.
I have a thread on this very topic and the bottom line is too many Republicans are living in a fantasy world where they can cut taxes and magically still balance the budget. The reality is the entire discretionary budget is only $1.5 trillion out of the $3.5 trillion budget with mandatory spending (servicing the debt, SSI, etc...) taking up $2 trillion of that $3.5 trillion budget so you cannot cut your way to a balanced budget. You would have to eliminate the entire discretionary budget including the entire military budget to do it and that's just not going to happen. Even if we cut 20% of the discretionary budget, which is larger then any politician would ever vote for, we're only talking $300 billion if we include the military in that 20% cut or, if we exempt the military from any cuts like Republicans want to do, $124 billion if we don't touch the military. So massive cuts would still leave a $1.2 trillion deficit even with military cuts or a $1.376 trillion deficit if we don't include the military; it's obvious our problem is structural and can't be solved without significant tax increases.
The good news is letting all the Bush tax cuts expire, which is what needs to happen, would raise about $500 billion a year eliminating 1/3rds of the deficit while still keeping tax rates at the level of the Clinton boom years. Add that to the $300 billion from the across the board 20% cut and you have $800 billion which is more then half of the deficit gone in a single year. Both Republicans and Democrats are lying and pandering to voters when they say we can afford to continue tax cuts and record low tax rates and anyone who says that isn't serious about solving America's deficit problem.
There's no such thing as the Bush Tax Cuts except they pillaged the treasury and .... oh by the way....
just WHERE are all the JOBS these not-Bush-Tax-Cuts were supposed to create? After 8+ years of the Not Bush Tax Cuts, we have fewer jobs. FEWER. Not MORE jobs as promised. Tax cuts were supposed to create wealth and it did for 1% of us; the rest of us got PORKED.
Exactly right. As the Financial Times recently reported median income actually dropped by $2000 from 2001 to 2008 at a pretty steady pace across that period so it wasn't just the recession. Nothing trickled down.
The left just despises the military eh? Its always the first thing they cut, and they forget its the one thing the federal government is supposed to actually fund.
Jesus Christ, man. You can't cut mandatory spending so that just leaves the discretionary budget while the military makes up 58% of the entire discretionary budget. I'm positive that you are completely ignorant of those hard facts. Reality is you can't get big cuts out of the discretionary budget without including cuts to the military.
I was watching Fareed Zakaria on CNN this morning and he brought up a good point about Republican political strategy. He pointed out with charts and statistics the fact that the largest contributor to the deficit is by far, the Bush tax cuts. The Bush tax cuts contributed much more to the current deficit than HCR, stimulus or tarp. Republicans are currently in total lock step against letting the Bush tax cuts expire but how can that be? They are against any funding that will raise the deficit and have shown they will use every political method to block any government funding of any program that increases the deficit. IE: extending unemployment or providing any stimulus for states and cities to keep firefighters, police and teachers from losing their jobs. Yet as Fareed pointed out today, the deficit would plummet by 35% in 5 years if we did absolutely nothing except let the Bush tax cuts expire. I would like my esteemed colleagues on the right to explain this obvious dichotomy . If the repubs are so worried about the deficit then why fight the expiration of the Bush tax cuts???????
OK, maybe we just need a constitutional libertarian in there now............huh! At least some ******* that won't serve thier own needs and look out for the godamn country and it's folks!
Regardless of party, there's a time to spend and a time to cut.
Now is the time to cut before we default or become an IMF step child or worse, a slave to China.
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