Unfunded tax “cuts”
I am getting really sick of watching this rerun for umpteenth time.
Once again, one party is offering tax cuts as an effective strategy to win elections, while the other party argues that those tax cuts will only benefit the wealthy.
If we can talk about race like adults, why can’t we discuss taxes like fiscally responsible adults?
When the government is consistently running a deficit, in both good times and bad, there’s no such thing as a tax cut.
Deficit spending disguised as a tax “cut” is just a loan from the government that we’re going to have to pay back with interest.
Once we realize that the offered tax cuts don’t really exist we can move forward on the debate.
The debates over class warfare and income distribution obscure this simple truth that all sides should be able to agree on.
We should come together on a consensus around simple fiscal responsibility. I am disappointed to see that McCain is backing away from his previous commitment to balanced budgets and that neither Obama nor Clinton seem to be able to introduce new thinking and language to the debate.