..and by that I mean for everybody. I no longer believe that extending them would aid the middle class… they will just make the deficit worse. It certainly won’t help if we extend them to the wealthy… it will just put is a trillion dollars further into the hole.
What we must see is that when Bush put in the tax breaks eight years ago, they just made everything worse… they 
did not help as they were supposed to. Remember the definition of insanity? It’s making the same mistake over and over and expecting different results. If the tax cuts are extended, the results will not be different. It will not create jobs. It will leave us in greater debt. We won’t be back where we began, we’ll be far worse.
With good luck, the division between the Dems and the Repubs will prevent ANYTHING from happening. Then, in January, the Republican-controlled House will be faced with a situation where they won’t be able to do anything without working together with the Democrats… and they just may start to solve the problems.
Related Articles
- FACTBOX-U.S. Congress starts ‘lame-duck’ session (reuters.com)
- Voted-out members muddy tax issue (dispatch.com)
- Will Lame-Duck Session Be Productive … or Just Lame? (abcnews.go.com)
- Divided Congress faces key deadlines (boston.com)
- Tax-cut extension deal takes shape on Hill (washingtontimes.com)
- US’s Boehner:To Urge Permanent Bush Tax-Cut Extension W/Obama (forexlive.com)
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