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Old 03-26-2003   #11
RawAlex
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Mike, there is something important about "erosion of rights" - you never notice until they have gone too far. Just like erosion under a paved road, you don't see it until suddenly the road drops six feet into a major sinkhole.

The economy is the same thing - tax rebates on the scale proposed is erosion... because they are taking tomorrow's tax dollars and giving them to you today. Like a payday loan. Sooner or later, you have to pay anyway.

There should NEVER EVER EVER be tax cuts without equivenant SPENDING cuts. That is bad economics. The debt increases, and the money needed to pay for that debt continues to increase. The more tax dollars that go to paying the debt and interest on the debt limit the government's own ability to pay for current programs, and forces future increases in your taxes. No voodoo economics here... simple math, really. The more you borrow, the more interest you pay. The problem is this: Typically, the bill usually comes due during the NEXT President's term, so someone else gets blamed for the debt, for the increased taxes, and the reduced government services.

The Bush economic plan increase government spending, cuts taxes (government income), and now will need probably 200-300 billion more to pay for the war. For 290 million people, you are each looking at $1000 for the war.

What will happen? Junior will be gone, a new democratic president will be in, taxes will have to go up, services will go down, and you will shit on him for stealing all your money... when you should realize that Bush did the deed, he just framed the next guy.

Alex
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