The Reality Show You Won't See on TV: Eliminating Bush Tax Cuts Would Halt Rise in Debt

babsbunny

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Thu May-19-11 04:18 PM
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The Reality Show You Won't See on TV: Eliminating Bush Tax Cuts Would Halt Rise in Debt

http://blog.buzzflash.com/node/12706

Submitted by mark karlin on Thu, 05/19/2011 - 9:23am.

EditorBlog

"Letting Bush tax cuts expire would halt rise in debt over next decade."

That's a point made in an analysis and charts released by the Center on Budget and Policy Priorities last week, and picked up by a few columnists.

One of those writers, James Fallows of the Atlantic, writes about one of the primary reasons for the burgeoning deficit:

The very large, but permanent and worsening, budgetary impact of the "Bush tax cuts" - which when first proposed back in the pre-9/11 era, were supposed to end in 2010 and were in response to what back then seemed to be the "problem" of a burgeoning surplus in federal accounts! Since "extending" those cuts just sounds like business as usual, I think it is hard for most people to envision the profound and growing effect they have.

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leftstreet

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Thu May-19-11 04:20 PM
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1. Once they were renewed = Obama Tax Cuts n/t

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FiveGoodMen

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Thu May-19-11 04:38 PM
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2. Absolutely

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quinnox

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Thu May-19-11 04:41 PM
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3. those are untouchable

tax cuts are now the sacred cow worshiped by both parties in America, to even suggest tax increases is out of the question.

And anyway, those rich folk deserve it, every penny! They produce all the jobs for all the lowlifes who get to eke by. SARCASM

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