So, Bushie wants to give more money away in tax breaks, and something like $800 for each indiviual and $1600 for couples. And since it's an election year, Congress is on track with him.
*SIGH*
Sure, I mean the deficit is ballooning like a contestant on The Biggest Loser at a all-you can eat buffet, but SURE, we'll jsut hand out more money, what the hell? That's like, if you've got blood streaming out one ear, why not just cut off the OTHER one to make things better?
"We did this in 2001, and everything worked out fine." some say. I remember the $600 we all got. And while that was all fine and good, at that point in time we still had the largest budget surplus in history following the Clinton years to get the money from, not like now, a little over a half decade later when we have the largest budget deficit in history. To say NOTHING of the national debt, which is rising each year. Is it any wonder the US dollar is so pitiful against other currencies?
Bushie, of course, wants all other relief to come, I quote the NYTimes "an immediate expansion in the deductions businesses write-down for investment in equipment". Of COURSE! let's give even MORE money back to the oil companies making record profits, and the insruance companies who deny people medical treatment to save a buck, and the lending institutions who loss billions, allow thier CEO to retire with a 20 million dollar pension and then fire a couple thousand employees to make up for it. Sure, that's makes all the sense in the world.
the Democrats in Congress, at least, are asking for, again quoting the NYTimes "an extension of unemployment benefits, coupled with tax breaks aimed at the middle class". This I have little problem with. If we have to spend more money, I see no reason to give to the multi-national corporations making billions of dollars in profits. I 'd much prefer we give it to the victims of the corporate layoffs, or the middle class, to help with the pinch of gas and heating prices so high.
Well, in acutally, ALL if it will probably happen, the deficit be damned, cause it's an election year and the politicians have to keep the trough full of pork for the voters so they can get re-elected.
Sad. Sad but true.
POLT Listening to "Ruined In A Day" by New Order
Time travel, from my first day on the job as a captain, I promised myself I'd never let myself get caught up in one of these God-forsaken paradoxes. The future is the past, the past is the future. It all gives me a headache. - Captain Janeway, Star Trek: Voyager
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2 comments:
The policies of the past 7 years are coming back to haunt us. Just because the trickle down theory failed during the Reagan Administration and again during the first Bush fiasco who knew it still wouldn't work now? Ed
Of course, this the latest incarnation of trickle down which doesn't work worth a damn.
Instead of doling out cash how about repealing tax breaks for corporations and the rich.
Things are really bad right now and I almost think we're heading into a depression instead of a recession.
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