On Thu, Sep 2, 2010 at 11:07 AM, Larry C. Lyons <[email protected]> wrote: > > And you keep complaining about adding to the deficit. By keeping the > Bush gift to the rich it increases the total deficit by a lot. Letting > the tax cuts sunset for those making more than "middle class" income > does help a good deal towards reducing the deficit.
We have a structural deficit caused by out of control entitlement spending that will never be cured by raising taxes. The point to deferring the tax hikes is to encourage private sector investment that leads to larger tax revenues. Good luck trying to punish the top earners. Those folks have the savvy to shield their money and will not take their punishment without trying to punish Democrats at the polls in return. > Remember it was under the republican party's watch that we went from a > significant surplus to crippling deficits, as least in part to feed > the ego of a not so bright president. Obama's deficits make Bush's look like penny ante poker. Democrats try and use the so-called huge deficit of 2008 as a justification for more spending, but the truth is a large chunk of that money from the TARP program has been paid back to the government. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Order the Adobe Coldfusion Anthology now! http://www.amazon.com/Adobe-Coldfusion-Anthology-Michael-Dinowitz/dp/1430272155/?tag=houseoffusion Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:326736 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
