Archive for September 16th, 2010

Got four trillion bucks?

Sep 16, 2010 in Clueless Conservatives, Economy

Not only have Bush’s tax cuts helped put us in the hole, but should they be made permanent, as Republicans would like us to do, it would cost us $4 trillion in just the next ten years.

These are the people we’re supposed to trust on the deficit? Repeat after me: Democrats lead to surpluses, Republicans lead us further and further into endless debt. Obama and the Democrats are taking a major step forward towards fighting the deficit by letting the Bush tax cuts expire for the rich. If only our country had the balls to go back to Clinton-era rates for everybody.

-hw

p.s. It’s true, it must be noted that Obama wants to compromise with the Republicans to keep the bulk of the cuts, which would go to the poor and middle class. That’s the thing…he’s trying to find a middle ground between the right solution and the destructive one, but the result is still $3 trillion more in the hole, validating a tax cut we never needed and couldn’t afford in the first place.

Now were the Republicans actually willing to do something real about the deficit, and we could all agree to go back to the tax rates of the 90’s, the Democrats wouldn’t be trying to compromise. Were the Republicans not willing to call the pre-set expiration date a “tax increase,” we wouldn’t have the compromise. But we have demagogueing entertainers on the right and shiftless cowards on the left, and so Rome continues to burn…