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It used to be boasted about around here how Clinton ended his term with a surplus [View All]

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MadHound Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-06-10 08:42 AM
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It used to be boasted about around here how Clinton ended his term with a surplus
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How do you think he did it? A large part of that equation were his tax rates. These rates enabled us to reverse the slide into debt that we found ourselves in, and most people agreed that they were the right thing to do, the responsible thing to do.

Furthermore, there was widespread condemnation of the Bush tax cuts, condemnation of their irresponsibility, over the debt they would add, over the amount of money it would cost us and the price we would pay for shouldering such a massive debt.

If we continue the Bush tax cuts, our problems will only grow. Four trillion dollars of extra debt, raising the price for government borrowing, limiting the options that the government has to fund other necessary functions, acting as a headwind that our economy has to sail into.

Worse, this debt will be balanced on the back of the middle class, working class and the poor. Already a bipartisan movement is afoot to reduce SS and medicare, eliminate tax programs, such as the mortgage interest deduction, that are the foundation of middle class well being. Obama has already signaled that, even though the Catfood Commission couldn't come up with enough votes, he is willing to take their proposals under consideration.

Finally, if the Dems don't take a stand for once, the demands of the 'Pugs will become ever more extreme, and it will be harder for the Dems to fight back.

I say take a stand now, and let all the tax cuts expire. Yes, it will cause pain in the short run, but in the long run, it will be better for our country, for our government, and for the Democratic party. Everybody loves a fighter, nobody loves a wimp.
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