To help control the deficit, let the Bush tax cuts expire - USA Today

[JohnWxy]

"Taxes have been cut so much that federal receipts are less than 15% of the U.S. economy, the lowest level since Harry Truman was in the White House 60 years ago."....(see chart_JW)


http://www.usatoday.com/news/opinion/editorials/2010-07-22-editorial22_ST_N.htm




Some of this drop in revenue comes from tax cuts in recent economic stimulus bills. But the vast majority comes from the cuts of 2001 and 2003. At a 10-year cost of $2.3 trillion in lost revenue, their impact on the deficit has been greater than Obama's stimulus, the war in Iraq and the 2003 Medicare drug benefit combined.(..My emphasis_JW)

[jtown1123]

1. Suprised, considering the source...

USA Today generally seems pretty conservative to me. Interesting that their editorial board supported this.

[MedicalAdmin]

4. If the government goes broke ...

... then their goes their easy money no bid military contracts.

[JohnWxy]

5. Republican Deficit Fighters - picture for your enjoyment

[mike r]

2. I guess the wealthy prefer that to the guillotines

[ck4829]

3. K&R