Clinton on Bush's tax cuts
Sep. 19th, 2005 10:30 am![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
petardierFrom Salon:
On rolling back some of Bush's tax cuts to pay for Katrina: ". . . I think it's very important that Americans understand, you know, tax cuts are always popular, but about half of these tax cuts since 2001 have gone to people in my income group, the top 1 percent. I've gotten four tax cuts. They're responsible for this big structural deficit, and they're not going away, the deficits aren't. Now, what Americans need to understand is that that means every single day of the year, our government goes into the market and borrows money from other countries to finance Iraq, Afghanistan, Katrina, and our tax cuts. We have never done this before. Never in the history of our republic have we ever financed a conflict, military conflict, by borrowing money from somewhere else."
Why couldn't somebody have made this a major feature of the last presidential campaign? Minus the Katrina reference, of course. This is almost simple enough for everyone to understand. I can only hope it will be brought up next time.
(this is not the non-depressing post promised for today. Stay tuned.)
On rolling back some of Bush's tax cuts to pay for Katrina: ". . . I think it's very important that Americans understand, you know, tax cuts are always popular, but about half of these tax cuts since 2001 have gone to people in my income group, the top 1 percent. I've gotten four tax cuts. They're responsible for this big structural deficit, and they're not going away, the deficits aren't. Now, what Americans need to understand is that that means every single day of the year, our government goes into the market and borrows money from other countries to finance Iraq, Afghanistan, Katrina, and our tax cuts. We have never done this before. Never in the history of our republic have we ever financed a conflict, military conflict, by borrowing money from somewhere else."
Why couldn't somebody have made this a major feature of the last presidential campaign? Minus the Katrina reference, of course. This is almost simple enough for everyone to understand. I can only hope it will be brought up next time.
(this is not the non-depressing post promised for today. Stay tuned.)
