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Politics : Stop the War! -- Ignore unavailable to you. Want to Upgrade?

To: Asymmetric who wrote (1571)	3/23/2003 4:52:37 AM
From: jttmab	Read Replies (1) \| Respond to of 21614

One of the things it really made clear to me was the probable explanation for the dividend tax cuts. The tax cuts never made sense economically and carry the added burden of incurring huge fiscal budgetary deficits as far as the eye can see. This article makes clear, through the parallels it draws, that Bush is pushing tax cuts so hard in order to shower money on corporations in order to cement their ties and allegiance to his right wing government and the neocons ambitions of US global domination. washingtonpost.com The government ran up a deficit of $193.9 billion in the first five months of the 2003 budget year, nearly three times the deficit for the same period a year earlier...... The biggest spending categories so far this year are: Social Security, $210.2 billion; programs of the Health and Human Services Department, including Medicare and Medicaid, $208.7 billion; military, $152 billion; interest on the public debt, $147.2 billion. Guess what happens with the national debt increasing over the next n years and when interest rates rise. The interest on the public debt will be THE major component of the federal budget. There will be no other choice than dramatically reduce other expenditures or have tax increases beyond the imagination. jttmab