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Politics : Don't Blame Me, I Voted For Kerry -- Ignore unavailable to you. Want to Upgrade?


To: SiouxPal who wrote (40415)8/5/2004 7:18:10 AM
From: cirrusRead Replies (1) | Respond to of 81568
 
The folly of Bush's tax cuts were that they started during the campaign as a "solution" to the surplus. Never mind using the surplus to pay down the accumulated debt, develop a hydrogen fueled economy, enact universal health care, "lockbox" social security as Al Gore proposed or even use it to go to Mars. No, Bush campaigned for a tax cut, said give it back, and the rich pay more taxes so they get a bigger tax cut.

Then, as the economy slid into the doldrums, Bush marketed the tax cut as a device to stimulate the economy. In theory, if you give people money they will spend it, lifting economic activity. Tax cuts for people who already have more money than they can spend doesn't help the economy one bit, but that's something Bush won't discuss even though the 50 richest people in America signed a letter published in the New York Times urging Bush not to push for a tax cut that would mean a return to government deficits.

I don't blame Bush for all this... Congress has been fiscally irresponsible in enacting Bush's requested tax cuts... and derelict in it's constitutional responsibility in transferring it's power to declare war against Iraq to the President.