Thursday, December 9, 2010

Deficits don't matter afterall

Yes, Dick Cheney was right when he said, "Reagan proved that deficits don't matter."

As we now know, Reagan knew everything. Apparently, Cheney did too.

With President Obama caving in to Republican demands to further enrich the richest people in America, the deficit will just keep on growing. Party like it's 1999.

Yes, unemployment benefits get extended for a year, but the tax cuts for the wealthy continue for two years. I can do simple math and so can you. Two is more than one.

Forget the "trickle-down theory," which failed miserably, we're getting the "trickle-up theory," where those making less than $20,000 as an individual and less than $40,000 as a family will have to pay more taxes under this "deal." Check this story for details.

Now, if we didn't extend the tax cuts for the most moneyed people across the land, we could've paid down the $14 trillion debt by $60 billion a year. Naturally, that's a drop in the bucket, so why bother.

But that $60 billion a year could've paid for things like:

• Free college, including room and board, for about half of all full-time students, at both four- and two-year colleges.

•A national infrastructure program to repair and upgrade roads, bridges, mass transit, water systems and levees.

•A tripling of federal funding for medical research.

•Universal preschool for 3- and 4-year-olds, with relatively small class sizes.

Not that any of those things matter when compared to giving money to the rich. And besides, we've survived for centuries without those things.

Thank god that the rich have to the GOP to look after their interests.

Of course, the GOP did block an attempt to give a one-time payment of $250 to those scraping by on social security. Can't add to the deficit in that manner.

Leave it to the rich to complain about the poor having too much money.

Here's hoping a filibuster can stop this "deal" and let these tax cuts expire.

If teabaggers are serious about reducing our debt, now's your chance to "man up," you weanies.

Let's knock down this deficit together. Let's all pay higher taxes. Yes, it will stifle the economy, but isn't the deficit the most critical issue facing us as a nation right now?

That, and gay marriage, of course.

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