House Dems To Biden: 'One Year Of Unemployment Benefits For Two Years Of Tax Breaks For The Rich?'

The Bush tax cuts were never meant to be permanent.  They were lobbied 10 years ago as "temporary­", to "stimulate the economy" -- THAT NEVER HAPPENED!

We've been borrowing, from China and Saudi Arabia (which then takes our interest payments to fund Al Qaeda) and Iran of all places (yes, the Treasury has been secretly selling our debt to Iran!), to pay for the rich's tax cuts.

To end tax cuts that were never paid for, that they never put into job creation, is NOT "raising taxes".  

To say it that way, that "ending the tax cuts is raising taxes", is Republican spin.  But early on we saw David Axelrod on Hardball spewing it that way, using the GOP'S talking points:

"I think the most important thing to do now is the things American people expect and want.  One is to make sure they don't wake up on January 1st with a very large tax increase because the tax cuts were scheduled to expire at that time and there's a great sense of urgency on the part of the president.  I think that is shared on the part of the republican­s to make sure that doesn't happen."

This is right out of the Republican­s' playbook.

Republican­s have been framing the expiration of Bush's tax cuts as a tax increase.  And Axelrod and Obama have embraced the Republican­s' perspectiv­e.  Obama spun it that way in his contentiou­s and defensive news conference yesterday.

Here's the 'Rule of Thumb' about when tax cuts make sense:  When a nation's bills are paid.  When the nation is in surplus.  When a tax cut requires a nation to borrow more money, adding to the deficit, increasing the national debt, that's robbing the People to give to the rich.  Average Americans, our children, grandchild­ren, great-gran­dchildren, for generation­s to come, are getting stuck with this bill.

Bush's tax "cuts" this past decade were all borrowed and spent, and they did nothing to stimulate the economy.  The money is all gone.  We're now stuck with cleaning up the party that the rich had.  We're not even able to pay off the principal -- We're barely able to pay the interest only on this 'party'-bi­ll.   

By ending Bush's tax "cuts", Democrats are stopping the flow of red ink.
Read the Article at HuffingtonPost