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Politics : Formerly About Advanced Micro Devices
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To: Road Walker who wrote (309754)11/8/2006 12:36:45 PM
From: TimF  Read Replies (1) of 1573943
 
They were sold as a short run economic stimulus, but that was only part of what they where sold as. They were NOT sold as temporary, or as something that should be temporary.

They legislation made them temporary because of how the budget rules in effect (and probably still in effect but I didn't confirm this) would calculate permanent tax cuts as a bigger increase in the deficit than a temporary tax cut. The plan was always to make the tax cuts permanent, and if that wasn't politically possible, to keep extending them. The plan was quite open, not hidden at all.

re: Its a built in bias towards big government.

It's a bias to get the budget in balance

Hardly. A combination of a bias towards tax increases, and a bias towards spending increases, doesn't help get the budget in balance, it just helps government get bigger.

I don't know if we can roll back the 3 fold increase in earmarks under the current congress. That would certainly help.

It would help, and I'd be all for it, but in terms of the overall balance its at most a moderate issue. Esp. since its extremely unlikely that you would get a complete rollback. Hopefully we can at least get a cut (and a real cut, not a reduction in the rate of increase) but I'm not holding my breath until it happens.
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