Tax Cuts: The Real End Game Is In The House

#1 - It's not creating jobs.

#2 - The real way to benefit the middle class is to get rid of the deficit.  With this staggering debt, there is no money for Americans to borrow.  Average Americans, you and me.  Small businesses in America.  

#3 - The slashing of government programs is going to take place anyways, but by borrowing more, it is going to be a bl00dbath.  And the average family is going to get $800, but what they'll lose in other services is going to wipe that out.  One example might be what we're going to lose in the way of services that we don't even give a second thought to.  Things like road maintenanc­e, public transporta­tion, health insurance increases, other insurance increases, and so on.  I've had to replace two windshield­s and have my wheels realigned 3 times this year due to roads that aren't being maintained­.  $800 isn't going to begin to cover what I've lost due to what the government used to do, but isn't anymore because it's broke.

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.   

If the tax cuts are continued for the rich, we would have to borrow $700 billion to pay for it.

If the tax cuts are continued for everyone, we would have to borrow $3 trillion to pay for it.

And if there is a 2-year extension "compromis­e", we would still have to borrow $70-140 billion for the rich's portion and $383 billion for the middle class's portion.

This is both poor economics and poor politics.
Read the Article at HuffingtonPost