PDA

View Full Version : When your only tool is a hammer...


fluffernutter
10-28-2004, 11:22 PM
...sooner or later everything starts looking like a nail.

The only tool in Bush's toolkit: tax cuts. The solution for every economic problem: cut someone's taxes. Preferably someone like Donald Trump. The cuts have been skewed to the top 5% of wealthy Americans. The cuts in capital gains and inheritance tax rates do not begin the help the average middle class family. The latest corporate tax cut was a pork-fest. (http://mccain.senate.gov/index.cfm?fuseaction=Newscenter.ViewPressRelease&Content_id=1326)
This has been pushed about as far as it can go. (http://www.brillig.com/debt_clock/) It hasn't worked. In 3 ½ years under George we have lost about 800,000 jobs. In 8 years under Clinton, we picked up 22 MILLION.
The main reason George is unfit to be President is the way he has mismanaged this economy, and no, Osama can't be blamed for all of it.

revenG_DeSire
10-28-2004, 11:45 PM
So what else is new?

Karankawa
10-28-2004, 11:51 PM
Many, including myself, believe that the government has engorged itself on grossly high taxes. The billions of dollars in countless government programs have bred a beaurocracy that is a black hole where tax money disappears. Predecessors have created a huge beast that will never be able to be fed until it is cut down.

Cutting taxes is a step towards shrinking government beaurocracy. Other steps, that are more difficult, must be taken. Programs must be cut. Of course, no president, or congressman wants to be the guy that cuts out the goodies. This would jeopardize his chances of getting re-elected. Bush, if re-elected, would finally be in a position where he would no longer have to worry about politics and getting re-elected. In his first term, he gave out the tax cut (the easy part). Hopefully, the second term will be the one where he will take the unpopular steps of cutting back on the various government programs, which he has hinted about several times now. I think he realizes that it would be political suicide to do so at this point though. I hope that is his intention anyhow.

EDIT: There is no other way to keep the tax cut complete, unless programs are cut. If Bush were to act fiscally irresponsible and not enact cutbacks on certain programs, then I, for one, would revoke my endorsement.

astrapol2
10-29-2004, 08:53 AM
Which govt programs would you like Bush to cut-out ? And which one does he intend to cut-out ?

Travh20
10-29-2004, 09:57 AM
Unfortunately bush has not cut much of anything. that is one of the things that I do not like about him. it makes no sense to cut taxes and not cut spending accordingly. It is at least a step in the right direction though, with kerry all we will get is a tax increase and yet more spending. I think we could cut bacck spending in so many areas. we could dismantle the entire department of education and not miss a beat.

fluffernutter
10-29-2004, 11:48 AM
Granted, Kerry's numbers don't appear to add up either, because the added spending will be higher than the added revenue. But Bush's numbers make even less sense because there is never any added revenue. Unless he is planning on draconian cuts in just about everything that's not painted in camo. Up to now, George has never stopped spending.

Thanks to Beltway budget math, the wallet of last resort is Social Security. Greenspan has already warned on several (http://money.cnn.com/2004/02/25/news/economy/greenspan/) occasions (http://apnews.myway.com/article/20040827/D84NOTE01.html) that the current system contains huge unfunded liabilities and that benefits should be significantly scaled back. To be honest, most of the deficits that have caused this have come from 2 guys named Bush and, to a lesser extent, one guy named Reagan, as well as legislators on both sides of the aisle.

Social Security is MY money; I "paid for it." How is my (seemingly unavoidable) loss of benefits not equivalent to the biggest tax hike in the history of the Republic?

Travh20
10-29-2004, 12:05 PM
dont rely on social security being there when you get old, fi you do its your own fault.