An excellent article in today's New York Times
IS HISTORY SIDING WITH OBAMA'S ECONOMIC PLAN?
The REPUBLICANS aren't just wrong on economics this year
The REPUBLICANS are ALWAYS WRONG.
and Tax Cuts? What Tax Cuts? DEBT is a TAX
The stark contrast between the whiz-bang Clinton years and the dreary Bush years is familiar because it is so recent. But while it is extreme, it is not atypical. Data for the whole period from 1948 to 2007, during which Republicans occupied the White House for 34 years and Democrats for 26, show average annual growth of real gross national product of 1.64 percent per capita under Republican presidents versus 2.78 percent under Democrats.
That 1.14-point difference, if maintained for eight years, would yield 9.33 percent more income per person, which is a lot more than almost anyone can expect from a tax cut.
So the next time a Republican or Republican leaning voter tells you that Republicans cut taxes and are better for business tell them that you know better.
Borrow and Spend vs Tax and Spend
Is there a difference?
Every dollar spent by the federal government has to be gained from somewhere. If those dollars are borrowed from China to pay for oil or a war in the Middle East they are nothing less than TAXES deferred.
And those dollars carry interest which increases the TAX
Do Republicans actually think that debt isn't a TAX?
We cannot afford the fiscal irresponsibility of Republicans.
There is no FREE LUNCH - You cannot spend what you do not raise without incurring DEBT and INTEREST on that DEBT and that is what Republicans do well - they run up the DEBT and cost us dearly in interest.
Do Republican's actually believe if you buy on credit as opposed to paying for what you buy, that you haven't levied a tax on the American people?
When George W. Bush ran up an additional 6 Trillion dollars in debt he and his administration place a TAX on all of us. There is no way around that. IF you say you are delivering "TAX CUTS" to the very wealthy while you run up a huge debt on credit it's like you or I saying "We're not going to pay our bills with the cash in our box but we're going to run up the credit card bills instead and take out a second mortgage keeping our cash in the box under the bed."
The box seems happy because it is full
But the bills get bigger and the interest grows.
Seems like this is a simple thing to explain - and I cannot see why our Democratic candidates don't explain it just like that.
The BORROW AND SPEND Republicans have given us more and more debt
And that DEBT gives us huge INTEREST PAYMENTS that add to the TAX
The piper must be paid and giving huge tax breaks to wealthy Americans so they can afford TEN HOUSES now only defers that FUTURE TAX.
DEBT is a TAX - so there has been no TAX CUT under the Bush Administration. Next time your Republican friends prattle on about the great TAX CUTS they got from W you might want to point out the truth.