RESPONSE:
If you want to cut the deficit, let the Bush tax cuts expire.
The Republicans keep saying that the Tax cuts for the wealthiest Americans WILL bring economic prosperity. I hate to tell them this, but the Bush tax cuts have already been in place for the last 10 years!
How is that working out, middle-class?
The GOP slogan is: Give to the Rich, and Continue to Increase the Deficit.
What we have seen is the richest 1% have done exceptionally well over the last 10+ years, while the rest of us worker bees (99%) have been experiencing a recession.
FOLLOW-UP:
What the Republicans are fighting for is to continue the policies that have NOT been working, dumping the debt on the middle-class, favoring the already rich, and then expect us to thank them for doing it!
Democrats are only looking to allow the tax waver to expire on the very wealthiest Americans, who don’t need a tax cut, don’t deserve a tax cut, and don’t grow the economy with their tax cut.
Taxes rates for the wealthiest Americans are at some of the lowest they have ever been. They are not hurting, believe me.
Worse than that, many of the wealthiest Americans are making money from investment income (money from money), not producing a product, not providing a service, and not even lending or investing in small businesses. The GOP is fighting for Paris Hilton’s ability to sit by the pool, getting the dividend check, on which they pay about 15-20% tax. What’s your tax rate? Does that seem fair?
THE REAL ISSUE:
Before the 1st Great Depression, Republicans slashed the top marginal Tax rate, which lead to a bubble and a bust. From the 1930s through the 1960s, the top marginal tax rate was about 90%. During that time, America had a strong middle-class, and there were no economic meltdowns, bubbles, or busts. Reagan then slashed the top marginal tax rates to around 20%, followed by Bush Sr. who cut that rate to 15%. Since then, all that followed were bubbles and meltdowns, resulting in the destruction of the middle class.
What we should be talking about is rolling back the Reagan Tax Cuts!
UNCOVERS:
There is no such thing as a free lunch.
The something for nothing Republicans seem to be at it again, trying to fool hard working Americans into giving more of their money to the very rich.
The Republican party, and many ConservaDems, are directly in the pockets of the wealthiest Americans. There is a reason for that… they are the only one’s that still have the money to buy their votes!
The economy is a Pie, and the pie is only so big. When a couple of people are taking more and more of that pie, it means that there is that much less for the rest of us.
If the tax rates constantly favor the rich, rather than the productive middle-class, you put the entire cost of our country on those without the means to pay for it.
It’s like going out to dinner with your rich brother, you had bread sticks, he had lobster, and at the end he gets up and leaves you with the bill.
SIDE POINTS:
-51.8% of the tax cuts are targeted to the top one percent.
-Call them “Tax Waivers” instead of “Tax Cuts.”
-The Bush tax cuts were given a 10-year expiration (sunset provision) because they increased the deficit, and you can’t do that without paying for them without violating the Byrd Rule for anything that “would increase the deficit for a fiscal year beyond those covered by the reconciliation measure.”
-Federal tax revenues tend to expand naturally (albeit slower) because of:
- Population growth
- Long-term general economic growth
- Inflation
-Wall Street Journal piece showing the top graph.
-I’m not an economist, I just play one on the Internet. However, this looks fairly easy to understand.
Veruca Salt Republicans
December 3rd, 2010Simply put: The Republicans are Spoiled Brats, and the Democrats have enabled them.
A “spoiled brat” is a child that exhibits behavioral problems from overindulgence by his or her parents. Some children, when they want something, cry, kick, yell, scream, whine, and nag until they get their way.
Every parent has seen this behavior.
Unfortunately, the nature of Democrats has been that of the weak parent who constantly gives in to their child at the first sign of crocodile tears. The parent thinks that they are compromising, or simply preventing a worse scenario in public, but we all know that spoiling these children only guarantees future continuance of this behavior.
Not only that, but the outside observer of this event, more often looks at the PARENT as the problem! (see November 2010 elections as an example)
UNCOVERS:
The Democrats are far too timid, far too conciliatory, and far too easily played the fool. At some point, after being burned and used, time and time again, you need to Ferberize the child, take the toy away, and discipline the bad behavior.
Being implacably steadfast, if you know you are doing the right thing for 98% of the country, is the right thing to do. And if you want to be a party in control of the Government, you cannot allow the temper-tantrum to control the debate.
If you allow it, that becomes the norm, and then instead of actually being productive, you spend all of your time managing the level of noise that the tantrum produces.
They expect you to back down, Democrats… man up!
Veruca Salt- Spoiled rich girl from Charlie and the Chocolate Factory.
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Posted in Commentary, Offense
Tags: brat Bush charlie and the chocolate factory children Democrats ferber GOP Government Politics Republicans Rich tax cuts TAXES veruca salt