Well, our practically bankrupt country's politicians made another stride to worsen our situation and the public agrees. The tax cut extensions seen as a cure all for our economic cold were passed to help the rich get richer and decrease the middle class' buying power.
Let's take a look for a second. The previous tax cuts from the Bush administration got us into a multi trillion dollar deficit. We want to extend them because it will create jobs. The middle class which is out of work needs more tax cuts because of course because their income is so high that they need to pay their share, on the other hand how can someone out of work pay taxes on no income? What also happened to the jobs in the last 8 yrs of the Bush administration with the tax cuts in place. Pretty Dis mall.
Here is best news so far. The Tax cuts will create jobs and not cut entitlements . Is anyone out there remotely living near the same planet I reside. Please tell me how we are going to do this. Are we cutting Medicare? Defense? ( We should ) Education?. This tax cut extension was a joke and a ploy from the republicans to show they are doing something positive for the country, not like the last 2 years were they did not vote for any democratic programs.
Here is my take. The republicans of today ,not the ones during the Clinton Administration,who actually cared about this country and not their political gains have scored some brownie points with Americans. Americans will see this as a breakthrough instead of catastrophe because now they think Washington is working for them.
The republicans who are only focusing on the White House in 2012 are really good at firing up the base. This piece of legislation is a stepping stone to the elections. If the democratics were as good... well you fill in the blanks.
TILO for America
