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Politics : Don't Blame Me, I Voted For Kerry
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To: CalculatedRisk who wrote (925)2/5/2004 9:18:03 PM
From: American Spirit of 81568
 
850 billion is the estimate for next year. Bush backloads the debt until after the election. He really cares about the very rich and his corporate special interests so he wants to protect, and himself.

Even if (when) Kerry wins he'll have a big job paying down the Bush debts. The tax cuts for the rich have to go. That will give us about 100 billion a year more in revenues. Then the war costs have to go. That will give us another 100 billion. So then things will balance out as more jobs are created and people pay more taxes. Also estate tax cuts for people with over 5 million or so ought to go. No reason to institutionalize inherited wealth and create a permanent idle upper class. Rich kids need to work for a living. it's bad for them if they dont.
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