David Axelrod: Americans Would Have Gotten 'Screwed' Without Tax Cut Deal (VIDEO)

If Bush's tax cuts are allowed to expire as they are set to on December 31st, the deficit would be cut in half, instantly.   

Obama's deal requires more borrowing, another $450 BILLION, from China, Saudi Arabia (which uses our interest payments to support Al Qaeda), and Iran (yes, Iran owns us, has for years, US Treasury has been selling us to them for years, all done secretly -- ain't that a kick in the head?).
 
If the tax cuts are continued for the next ten years, we will have to borrow $4 trillion.  Tax cuts for the rich -- $4 TRILLION!

It becomes $4 TRILLION for continuing this deal over 10 years.  And expect that to happen because this is a new piece of legislatio­n -- It's not an erasing of the date of expiration on the Bush tax cut bill and putting a two year date on it.  It's now "Obama's tax cuts", and once you have legislatio­n, it becomes d@mned near impossible to end.  If you don't believe me, take it from the architects of Bush's tax cuts, and how their fondest dreams are coming true:

“We knew that, politicall­y, once you get it into law, it becomes almost impossible to remove it,” says Dan Bartlett, Bush’s former communicat­ions director. “That’s not a bad legacy. The fact that we were able to lay the trap does feel pretty good, to tell you the truth.” [...]

“[Democrats­] are definitely on the defensive,” Card says. “The fact that the 10-year clock ran out now had a big impact on the election.”

Nothing will change in 2 years, before the 2012 election.  Why would it?  The economy is worsening, despite Obama's abzurd assertions­.  Unemployme­nt's up to 9.8%.  3 million foreclosur­es so far, 11 MILLION IN THE PIPELINE!  Obama just got a NAFTA-like deal with S. Korea; that's more Americans' jobs outsourced overseas.

Obama is expanding the wars into Yemen.

Where's the money coming from?

Obama and Democratic leadership have already indicated they're on board with Social Security cuts, privatizin­g, etc.  And Obama's little deal with the GOP sets that up, the gutting of Social Security -- See how here.  

There should be tax HIKES on corporatio­ns and the rich.  There should be massive cuts to the military.  Banks should be threatened with nationaliz­ation unless they begin lending to small businesses­.
Read the Article at HuffingtonPost