@Woiyo9,
Quote:What is on the agenda is LONG OVERDO and largely irrelevant since the Democrats will not pass anything.
As far as another round of tax rebates, stop the bullsh!t and lower taxes .
If you have a crytstal ball that shows you how the future unfolds you ought to use it and get rich instead of pestering a2k with your ignorant bullshit. You are bitching about what you believe will happen not what has happened because the energy legislation is coming up in september. btw It has been the House Republicans who have spent the last 16 months attempting to slow down legislation so fools like you can rail against a do nothing Congress.
Okay brainiac tell us how low you want taxes to go when you have a $250,000,000,000 yearly deficit that causes your own government to borrow money from the Arabs and Chinese, which itself causes the US to kowtow to the bankers who own the debt. If you cut taxes you force the government to continue borrowing money or defund the programs people want.
Remember that Clinton left the government with a balanced budet, and was drawing down on the national debt from $7 trillion to $5.7 trillion, while over the past 7 years, Bush and the Republican led Congress until 2007 increased the budget hundreds of millions of dollars and increased the national debt to $9.4 trillion.
And you want to elect a chief executive that follows along that path?
In 1993 President Clinton inherited the deficit spending problem and did more than just talk about it; he fixed it. In his first two years and with a cooperative Democratic Congress he set the course for the best economy this country has ever experienced. Then he worked with what could be characterized as the most hostile Congress in history, led by Republicans for the last six years of his administration. Yet, under constant personal attacks from the right, he still managed to get the growth of the debt down to 0.32% (one third of one percent) his last year in office.
When President Bush II came into office in 2001 he quickly turned all that progress around. With the help of a Republican controlled Congress he immediately gave a massive tax cut based on a failed economic policy; perhaps an economic fantasy describes it better. The last year Mr. Clinton was in office the nation borrowed 18 $billion dollars. The first year Mr. Bush II was in office he had to borrow 133 $billion. The first tax cut Bush pushed through a willing Republican Congress caused an upswing in government borrowing that was supposed to stimulate the economy, but two years later Bush had to push through yet another tax cut. The second tax cut was needed because it was clear that the first one did not work. Economic history tells us the second did not work either.
As a result of all his tax cutting with no cutting in spending, in 2003 President Bush set a record for the biggest single yearly dollar increase in debt in the nation’s history. He did it again in 2004, increasing the debt more than half a trillion dollars. Since 2003 total borrowing has exceeded $500,000,000,000 per year. Even Mr. Reagan never increased the debt that much in a single year; Mr. Reagan’s biggest increase was only 282 billion, half of GWB’s outrageous spending. As a result of the fact that the debt was already pretty high when Bush II entered office, his annual rate of increase is only averaging 7% per year so far. In 2006 he was holding press conferences bragging that the debt was increasing at the rate of only 300 billion dollars a year, yet in reality it was twice that. Again the facts do not match Neo-Con rhetoric.
Okay, fella' let's cut taxes on the wealthiest so that they will invest in more factories and other businesses in countries such as China where wages are low, and then our middle and lower classes can lose their jobs! Smart. Here's the problem, your logic is putting the money into the few and let's hope they do the right thing.
How about we help out the middle class (the largest populated class) and see if they will spend it more wisely. My guess is that they will either save it, invest it, or spend it. Either way it is good for the economy. Oh, and that just might be good for big business as well as the middle class will more than likely be buying their products.
It comes down to this. Either you believe in the trickle down theory, or the trickle up effect. I like to see it move from the bottom up.
Any red-blooded American patriot would not want America to become weaker, but tax cuts for the rich instead of the middle class weakens the nation, so I assume that calling for tax cuts for the wealthy (incomes over $275,000, the top 1%) instead of the middle and lower classes (up to incomes of $150,000, the bottom 99%) makes you a traitor.
So put up or shut up, tell the rest of the class where you want to cut or raise taxes to strengthen America.