Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
Editorials & Other Articles
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
General Discussion
In reply to the discussion: Should the Bush tax cuts be allowed to expire? [View all]ProSense
(116,464 posts)11. Nonsense
Despite your attempt to turn this into a simplistic loaded negative sound-byte, with "...So you're for increasing the deficit by continuing tax cuts for the rich?" the answer remains yes, if the choices are as I described them.
If I were in Congress and had before me a tax surcharge on the rich to be applied to the deficit, as opposed to new spending, I would vote against it out of necessity.
And so would anyone else who understands the first freaking thing about economics.
<...>
If I were in Congress and had before me a tax surcharge on the rich to be applied to the deficit, as opposed to new spending, I would vote against it out of necessity.
And so would anyone else who understands the first freaking thing about economics.
<...>
You seem to believe Congress is a static body. If the tax cuts end, regardless of the justification, that will not preclude additional spending. If they're extended, they will increase the deficit and produce no economic benefit at the higher incomes. There is also no guarantee that spending cuts wouldn't be introduced beyond that.
That's just common damn sense, no economics degree or understanding required.
Edit history
Please sign in to view edit histories.
Recommendations
0 members have recommended this reply (displayed in chronological order):
60 replies
= new reply since forum marked as read
Highlight:
NoneDon't highlight anything
5 newestHighlight 5 most recent replies
RecommendedHighlight replies with 5 or more recommendations
The current recession is over? I suspect many on DU would strongly disagree.
badtoworse
May 2012
#43
A second to that 100%. Can't reverse the damage done, but one can only imagine how strong
sad sally
May 2012
#47
I don't see much point in raising taxes as long as capital gains are exempt
4th law of robotics
May 2012
#41