People love to bash the democrats for wanting to raise taxes. We don't. We want to do whatever is necessary to keep the budget in line and ensure the best economy we can have. That means cutting ridiculous spending and sometimes it means increasing taxes. That's unfortunate, but you gotta do what you gotta do.
Bush, on the other hand, wants to run around cutting taxes (mostly for the more wealthy), increasing spending, and then claiming the budget is fine. He even said once "I don't care about balancing the budget, I just want to create jobs." Combine that with his bragging that he purposely avoids informing himself as to the current news situation, and you have a recipe for disaster.
I also find it hilarious that republicans like to say they don't raise taxes. Well, Bush Jr.'s daddy ran on the "no new taxes" promise, then he raised existing ones rather than create new ones.
Sure the GDP looks good NOW, but as I've said it is NOT sustainable. Our output exceeds our maximum output potential. That can't go on forever, and the longer we wait to do something about it the worse it's gonna hurt when the whole thing breaks.
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Originally posted by onetime2
Second, where do you think that money goes when the government is paying off debt? Got any bonds?
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Uh, if the government pays off debt, they buy back the bonds from the bondholder. Sure, that puts money in my pocket, but it's money I lent to the government in the first place. That's a VERY different story from giving me a refund on money I OWED the government. Paying off bonds is paying off a debt. Cutting taxes is giving expensive presents in a time when the government can't afford to.