Obama Tax Deal Should Be Supported
Thursday, December 9, 2010
The 'Rule of Thumb' about when tax cuts make sense is, "When a nation's bills are paid". When the nation is in surplus. You don't go on vacation when you haven't paid the rent. You don't buy a Rolls Royce when you're living in your parents' garage. You don't buy Godiva chocolates when there's no food in the fridge or the cupboards to feed your kids.
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, grandchild
Bush's tax cuts were sold to us as "job creators" - "They'd stimulate the economy". They didn't. The money for Bush's tax cuts had to be borrowed. The money is all gone. We're now stuck with cleaning up the party that the rich had (investing overseas, in other nation, outsourcin
Working Americans are tired of paying for the parties of the rich. But it's even worse: We're not only paying for their parties, we're taking out loans so that they can stuff their mattresses
Read the Article at HuffingtonPost
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