I don’t understand what argument there is (historically speaking) to support the continuation of the Bush Era tax cuts. Think back to 2002. Clinton finishes his last term and George Bush is voted into office. There was a budget surplus of 127 billion dollars. Yes, there was a “bubble;” however, the fact remains there was a surplus in the budget. Next look at unemployment. Statistically, there is not much difference during the years the two were in office – it was a little better under Clinton. That being said, now think about our current situation.
Unemployment is skyrocketing and the economy sucks. Obama has only been in office for a relatively short time and there has been little accomplished to change the damage created during the Bush years. The Bush era tax cuts did nothing to create jobs. NOTHING. Unemployment has risen since the cuts. Is the economy any better off? Are there more jobs?
I know this is a simplified explanation. Many factors have contributed to our current situation. 9/11, Lies that put us in Iraq and deregulation of industry since the early 1980s to name a few.
America is under attack by corporate interests buying elections and controlling politicians and policy like puppets. It seems most things “on the table” benefit only one elite group of predominantly white, male, rich motherfuckers. The right is blowing smoke up its loyal followers’ asses for personal gain. No matter what conversation I have or listen to with people on the right, it is never productive. All taxes are bad is what I am hearing. Any tax is evil. I’m a Marxist Socialist…. Blah, blah, blah. Oliver Wendell Holmes Jr. hit the nail on the head when he said, “Taxes are what we pay for a civilized society.”
Simply put, repealing the Bush tax cut seems to be a logical step in remedying a crappy situation. If we continue on the current track, disparity in our country will continue to grow. Cutting taxes to the rich has had no positive impact for anyone except the rich, much in the same way deregulation benefited many of these same people.
There is no perfect solution; there will always be problems. There will always be contrasting ideologies. But, our current situation is crap. Let’s look at modern history and make changes that will work.