Allowing the tax cuts to expire in the midst of a recession would have hurt the recovery.
That's what republicans said about the tax act of 1993. The swore up and down that it would ruin the economy, which was also in recession at the time.
Well it didn't, the economy took off because put more money into the hands of working people. The American entrepreneur had more money to invest. The nineties was a decade of great economic growth.
The first decade of this century, by contrast, had the greatest transfer of wealth from the working class to the idle class via the Bush tax cuts. The economy was stagnant and in 2008 imploded.
A lot of the people who would be hurt are employers. By making them pay more taxes monies they could use to expand business would be funneled off into the government.
Those employers have had those tax cuts for 10 years and they haven't started hiring yet. What makes you think a two year extension will change that?
Besides why should they hire more people if no one is buying? Charity may be nice and all, but it is bad business practice.
Wage and spending freezes on govt. employess would hardly slow the economy.
Money from a government pay check spends just as well as money from a private pay check. Spending stimulates the economy. Curtailing spending slows the economy.
The private sector is much better at producing wealth and generally the govt. only drains it.
That sounds like an article of faith not an argument.
The interstate highway system is a government expenditure. It has also created a great deal of waste.
Beta max was a private expenditure and while it created wealth it didn't create near as much as Rural Electrification or Farm to Market roads.
I shouldn't have to add that derivative trading created a lot of wealth. It also had a large part in creating the mess we are in.
A'stan harbored Al Qaeda and they attacked us, thus proving how dangerous they were to the free world. Taking them and the Taliban down is a "vanity war???"
Yes. It wasn't Afghanistan that attacked and it wasn't the Taliban. We were attacked by criminals that are called Al Qaeda. They are led by a fellow called Usama Bin Laden.
Starting the Afghan war hasn't didn't do a lot to stop them. The Iranian invasion actually helped make Al Qaeda stronger.
The problem, is as always, with spending; the government is SPENDING TOO MUCH!!
Yeah yeah, it makes a nice sound bite but it doesn't pay the bills. That is what it's about paying the bills. The drunken spending spree the republicans started in 1981 has to be paid for.
It isn't so hard to understand; if you made $50,000 dollars a year and spent $85,000 a year you would be in the same predicument.
Individuals are not government. But if we use your metaphor, it would be foolish to start our austerity program by leaning $100,000 to our improvident cousin.
Over the last 30 years we've borrowed money and then transferred it to trust fund kiddies. I say it's long past due to call that loan in.
supported by the equally selfish desires of many sheeple to believe the government needs to be everything to everyone
Yes those selfish people who want their social security and medicare. I hate those guys