Super Congress Getting Even More Super Powers In Debt Deal
Sunday, July 31, 2011
This really couldn't get any simpler:
Politician
Back when Obama extended Bush's tax cuts as he'd pledged, I wrote that 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
Ten years ago, Bush's tax cuts were sold to us as "job creators" - "They'd stimulate the economy". They didn't then and they haven't since they became Obama's tax cuts last December. 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 nations, 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
First, Obama needs to raise the debt ceiling irrespecti
Read the Article at HuffingtonPost
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