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Politics : PRESIDENT GEORGE W. BUSH
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To: American Spirit who wrote (447777)8/25/2003 7:42:37 PM
From: Wayners  Read Replies (3) of 769667
 
Both parties have a problem with fiscal discipline. Balanced Budget Amendments don't have a prayer. I read an interesting article regarding when the fiscal discipline started to go out the window in the late 1800s. The way budgets used to be put together way back when were centralized and they made sure that the numbers added up without a deficit. Starting in the late 1800s, appropriations were decentralized among a dozen committees that didn't have a clue as to what the total budget would be when you added up the appropriations from all the committees. And each committee wasnt and still isnt held to a number.

By the way, I never saw the Democrats propose an increase in the Capital Gains Tax from 28%. Remember the truely rich in this country do not work jobs, or if they do work jobs their income from them is miniscule compared to their investments and capital gains and dividends. No instead the 1994 Clinton tax didn't lable these people rich, instead he hoodwinked the ignorant who dont know what capital gains even are. The ignorant believed the rich work jobs and that 100,000 a year sounds rich to them so they were all in favor of dramatically raising the taxes on dentists and some upper level managers thinking those dirty rich people arent paying their fair share. That made me very very angry. I'm all in favor of raising taxes on the real rich, not this hogwosh 100,000 a year in ordinairy income BS.
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