General Discussion
In reply to the discussion: Boehner asks what he gets for $800b. Obama: "You get nothing." [View all]freshwest
(53,661 posts)Over time the sunsetting of the Bush tax breaks on the wealthy takes back what the subsidized, especially those who are the richest, have been taking from other taxpayers with the defense business, fossil fuel and other breaks, credits and those subsidies have been doing to bleed other people and the government.
The Bush tax cuts on the wealthy, combined with gifts to the fossil fuel industry and defense industries through two wars, gave them thrice the benefit that they had in the Clinton era, or even before that. That is three things that mean the deficit is going down greatly. Not just one thing.
Do you agree that Clinton ended up with a deficit or a surplus from the tax rate in effect before Bush?
Did the Bush wars blow up the debt and the wars were on a credit card, without contribution from the richest who traditionally had their tax rates go up, including the punitive rates that Eisenhower forced on them to pay some of the profits they made off WW2, but were outrageously ignored?
Do fossil fuel subsidies raise the deficit, while they made record profits, impoverishing the tax payers directly? Not only that, did the tightening of money not punish those in the states who had to make up for their needed public works and infrastructure because it was going to wars?
I've read your other data on your other posts, that go on the same theme, but are interesting. I'm speaking generally, if you think it's worth mocking my words, just go on ahead and do so.