Do we need more tax cuts?

[kentuck]

Last edited Wed Oct 9, 2013, 08:57 PM - Edit history (1)

Paul Ryan has put forth a new plan that calls for more taxcuts. I cannot help but think that we would not be talking about this massive debt and deficit if we had stuck with the Clinton tax rates of the 1990's. Republicans covet taxcuts the way Democrats have coveted national healthcare. Anytime either Party gets control of all the branches of government, it was predictable what they do. That is why Bush and the Repubs jumped at the chance to cut taxes when they had the power and the opportunity, even though they put us in a hole too deep to get out of. That is why Obama and the Democrats jumped at the opportunity to pass Obamacare. It's the nature of the beast.

So now, the American people are asked to sacrifice for those decisions by the two Parties. We do not have the revenues to run our government. Whichever direction we go from here, we should understand that there is no free lunch.

[kentuck]

1. kick one time

[JHB]

2. Offer to restore Reagan's 1985 tax rates

How can they refuse the fruits of the Gipper's first term?

[kentuck]

3. Good idea!

[PETRUS]

4. We need bigger deficits right now.

(Or a trade surplus in a hurry.) We could do that via spending or via tax cuts or both. There's nothing particularly scary about the debt or the deficit; we're talking about it because doing so helps to advance the agenda of the 1%.