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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?


To: GST who wrote (147988)10/15/2004 9:53:16 AM
From: michael97123  Read Replies (3) | Respond to of 281500
 
Please post this to others. My blood pressure is rising. Bush was in a war, Bush had to face prospects of a deflation induced depression after 9/11. Bush did what he needed to do and in order to do it, did not choose to pick his fight with congress and interest groups which would have delayed the necessary tax cuts. Next term the mess begins to be addressed but never in a way where tax increases ruin this very fragile recovery. Add up the numbers with kerry--if one enacts all his social programs while having middle class tax cuts to be paid for by the soak the rich(raise top 2 marginal rates and tax dividends and higher cap gains), we will go back into severe recession. The point is that kerry couldnt and wouldnt do that--but he said he would and that is the key reason zogby poll says what it now says. America knows a political opportunist when they see him. Just like with mondale he goes down because of fear of tax increases. Just like papa bush he goes down because everyone knows he will have to break his pledge to pay for social programs. The odd thing is that kerry really has some history as a fiscal conservative but he blew the credibilty with his pandering to the left. Sorry Charly. mike



To: GST who wrote (147988)10/15/2004 9:58:45 AM
From: michael97123  Respond to of 281500
 
addendum
In the debate Kerry attacked Greenspan. Betcha american publi whether rightly or wrongly, whether dem, rep or indy, somehow think that all that stands between us and disaster in Mr. G. Why did kerry go after him? Add that to the reasons why zogby has a bush surge after last debate.



To: GST who wrote (147988)10/15/2004 10:34:58 AM
From: DavidG  Read Replies (1) | Respond to of 281500
 
An often-overlooked side of the fed debt and taxes -
As the rich and corporations pay less or no taxes (or sometimes even get credits) thru tax breaks, their share of taxes paid is less. As the debt piles up, then a larger share of this debt is left to those who do pay taxes, the middle, upper middle, and (especially) very highly paid wage earners with reported income and withholdings. Since the debt is a future tax, the "tax breaks for the rich" result in higher taxes for those who are left paying taxes.