Full Article Text
T H U R S D A Y , S E P T E M B E R 2 3 , 2 0 0 4Democrats Cave On Tax Cutsby Michael in New York on
9/23/2004 01:14:00 AMAs the US spends $200 billion (and counting) on the quagmire that isIraq while shouldering a record federal debt and record annual deficitof $420 billion (and counting), no one seems to suggest that war isn'tthe best time to enact huge tax cuts without any way to pay forthem.The Democrats and fiscally mdoerate Republicans like John McCainwere holding the line, but Democratic leaders caved to election yearfears of looking weak on tax cuts and agreed to terms far worse thanwhat the Republicans were offering just a few months ago. Nicegoing, guys. As the New York Times noted,"The nonpartisan Congressional Budget Office has estimated thatdebt will climb by $2.3 trillion over the next 10 years, and thatmaking all Mr. Bush's tax cuts permanent would cost an additional$1.9 trillion by the end of 2014."That's an ADDITIONAL $1.9 trillion, for a total from these cuts aloneof $4.2 trillion. I'd love to see say $200 billion spent on a ManhattanProject to develop alternative energy sources within the next tenyears and end our dependency on not just foreign oil but ALL oil. (Ifwe can put a man on the moon....) Think of the dramatic savingslong-term in not having to prop up huge dictatorships or letting oureconomy be held hostage by overseas countries. But this money isjust being frittered away without any reason, without anyacknowledgement that we're at war and deep in debt and maybe thisisn't the time to show largesse to a segment of the population. It'stime to dig deep and pay a price to secure our future.
Add New Comment
Logged in as AnonymousUser
Logout from DisqusLogged in asusing Facebook Connect (Logout)Type your comment here.
HuffPost PoliticsAllison Kilkenny: Obama, Nukes, and the World -President Obama has seized upon North Korea'smissile launch to talk about a new approach tonuclear disarmament. Most people agree with theswell commonplac...23 minutes agoDaily Kos"Difference isn't a threat" - Dave Neiwert, theblogosphere's leading expert on the eliminationistmovement, has a typically excellent post about theweekend's tragic shooting at Croo...26 minutes agoCrooks and LiarsNCAA Basketball Open Thread - Satire from TheOnion. Yeah, yer brackets are in the toilet. Openthread for the NCAA Championship game, a regularopen thread appears at 8:30 Pacific Ti...48 minutes agoEschatonMonday Night Thread - I wonder if Peter will dosomething stupid on Heroes tonight.1 hour agoFiredoglakeFDL Movie Night Welcomes John Holowach: High:The True Tale of American Marijuana - Last month,Attorney General Eric Holder said the federalgovernment would stop raiding marijuanadistributors in states where it is legal. But lastweek H...1 hour agoJ O H N ' S P H OT O S
Show AllNational TEA Party DaySend Congress a Message. Sign Our OnlineCitizen Co-Sponsor Petition.www.DavidVitter.com/TeaPartyFederal tax stimulus checksStimulus 2009 on its way to help Just getthe facts, No repayment.Grants-Online.com/stimulus-checksEconomic—Stimulus BillStimulus Plan, How It Affects You?Understand, Plan, Get Ready For '09COHESIVEtax.com/Obama_Stimulus_Bill
AMERICAblog News| A great nation deserves the truth: Democ...http://www.americablog.com/2004/09/democrats-cave-on-tax-cu...
1 of 64/6/09 9:55 PM
9/23/2004 01:14:00 AMAs the US spends $200 billion (and counting) on the quagmire that isIraq while shouldering a record federal debt and record annual deficitof $420 billion (and counting), no one seems to suggest that war isn'tthe best time to enact huge tax cuts without any way to pay forthem.The Democrats and fiscally mdoerate Republicans like John McCainwere holding the line, but Democratic leaders caved to election yearfears of looking weak on tax cuts and agreed to terms far worse thanwhat the Republicans were offering just a few months ago. Nicegoing, guys. As the New York Times noted,"The nonpartisan Congressional Budget Office has estimated thatdebt will climb by $2.3 trillion over the next 10 years, and thatmaking all Mr. Bush's tax cuts permanent would cost an additional$1.9 trillion by the end of 2014."That's an ADDITIONAL $1.9 trillion, for a total from these cuts aloneof $4.2 trillion. I'd love to see say $200 billion spent on a ManhattanProject to develop alternative energy sources within the next tenyears and end our dependency on not just foreign oil but ALL oil. (Ifwe can put a man on the moon....) Think of the dramatic savingslong-term in not having to prop up huge dictatorships or letting oureconomy be held hostage by overseas countries. But this money isjust being frittered away without any reason, without anyacknowledgement that we're at war and deep in debt and maybe thisisn't the time to show largesse to a segment of the population. It'stime to dig deep and pay a price to secure our future.
Add New Comment
Logged in as AnonymousUser
Logout from DisqusLogged in asusing Facebook Connect (Logout)Type your comment here.
HuffPost PoliticsAllison Kilkenny: Obama, Nukes, and the World -President Obama has seized upon North Korea'smissile launch to talk about a new approach tonuclear disarmament. Most people agree with theswell commonplac...23 minutes agoDaily Kos"Difference isn't a threat" - Dave Neiwert, theblogosphere's leading expert on the eliminationistmovement, has a typically excellent post about theweekend's tragic shooting at Croo...26 minutes agoCrooks and LiarsNCAA Basketball Open Thread - Satire from TheOnion. Yeah, yer brackets are in the toilet. Openthread for the NCAA Championship game, a regularopen thread appears at 8:30 Pacific Ti...48 minutes agoEschatonMonday Night Thread - I wonder if Peter will dosomething stupid on Heroes tonight.1 hour agoFiredoglakeFDL Movie Night Welcomes John Holowach: High:The True Tale of American Marijuana - Last month,Attorney General Eric Holder said the federalgovernment would stop raiding marijuanadistributors in states where it is legal. But lastweek H...1 hour agoJ O H N ' S P H OT O S
Show AllNational TEA Party DaySend Congress a Message. Sign Our OnlineCitizen Co-Sponsor Petition.www.DavidVitter.com/TeaPartyFederal tax stimulus checksStimulus 2009 on its way to help Just getthe facts, No repayment.Grants-Online.com/stimulus-checksEconomic—Stimulus BillStimulus Plan, How It Affects You?Understand, Plan, Get Ready For '09COHESIVEtax.com/Obama_Stimulus_Bill
AMERICAblog News| A great nation deserves the truth: Democ...http://www.americablog.com/2004/09/democrats-cave-on-tax-cu...
1 of 64/6/09 9:55 PM