We can not afford the Republican BUSH Tax Cuts

 There is a huge “Debate” on weather the National Crippling Bush Tax Cuts should be Continued?  

What in the world is the “Debate” Why does everyone forget that this country was in a SURPLUS at the End of the Democratic Clinton Administration.  

 Has the Right Controlled Media using some kind of Brain Washing machine to erase memories? Or is it just that American is the Racist Country that the world thinks we are, and they just don’t want President Barack Obama to be President. There is no arguement that makes any type of since that would make a right thinking person believe that that we continue the Tax Cuts put in place by President Bush.  

In fact,  

“By the end of the Reagan-Bush 12-year “revolution,” the extra debt they had piled on the country was costing the country an extra 2.6% of GDP in interest—$300 million a day. Without that interest working against him, Clinton would have paid down the debt much faster. That’s why the green-line goes down so fast in the Clinton years. That’s what would have happened without the Reagan-Bush interest burden.”
“Now if W. Bush had held the line almost as well as all presidents before Reagan, the national debt would have been only 9% of GDP, and the country would have been ready to pull itself out of the Great Recession with ease.”
Of course the rich loved this “theory” and fed the press many story about the wonders of the new supply-side “economics” (cooked up by Laffer, as a graduate student). Money talks, and a lot of people listened. It’s time to rethink what radical conservative have done and are doing to our country. The Reagan-Bushes National Debt now totals $10.1 trillion by a most conservative estimate. That’s the lions share of our present debt.

 Again, the LIONS SHARE of our National Debt came because of the Nation Crippling Reagan-Bush Tax Cuts.  

WE CAN NO LONGER AFFORD THE BUSH TAX CUTS.. THEY ARE CRIPPLING OUR NATION  

There is no debate that the economic formula that President Clinton used was the correct one, and President Bush had not reason or precedent to change the Tax code.  

The only saying is “If it ain’t broke, why fix it”  

So why did President Bush try to fix something that wasn’t broken??????????  

Also,  

President Bush even showed that he understood the importance of returning the country back to prosperity by putting a direct END to the Tax Cuts.   

Now, get this:  

Back in 2001, when the first set of Bush tax cuts was rammed through Congress, the legislation was written with a peculiar provision — namely, that the whole thing would expire, with tax rates reverting to 2000 levels, on the last day of 2010.  

Why would he put into to law that at the end of 2010, the tax rates were to revert back to the levels of 2000? Why would he change the law “for the better”, just to change the law back to the laws that ” were not working”  

What’s at stake here? According to the nonpartisan Tax Policy Center, making all of the Bush tax cuts permanent, as opposed to following the Obama proposal, would cost the federal government $680 billion in revenue over the next 10 years. For the sake of comparison, it took months of hard negotiations to get Congressional approval for a mere $26 billion in desperately needed aid to state and local governments.  

Cost the Federal Government $680 Billion in revenue over the next 10 years? Are you serious?????  

We would have to get that revenue somewhere else right? If you make $20,000 a year, and your bills are $20,000 but you away $5,000 don’t you have to get that “deficit” from somewhere?  

We can’t  borrow it, so what will the US do? Do a Monetary Correction and continue to De-Value the Dollar. That is what will happen.  

For what? Do give the richest individuals in America an additional estimated $3 Million in savings?  

That are supposed to magically filter down to the rest of the working class. KEEP DREAMING!  

  

This Economy was inherited by the Obama Administration.  

I really am not sure if any of the cuts should be continued.  

I remember the economy back in the Clinton Administration and it felt pretty good.  

I would give up my tax break if the economy could be restored to that level.  

I am not rich.. but I would be willing to give up my Middle Class cut to get back to a time when not just individuals are prosperous but the whole country was experiencing an incredible economic euphoria.  

Let the Tax cuts end.. let them end and let’s never let that happen again.  

Be Inspired!  

Until Next Time,  

Derrick Butler  

Founder/Mydreamalive  

www.mydreamalive.com

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