Posted: Oct 17, 2008 3:16 pm |
Edited by: Will
i tend to agree that the worst thing you can do is give the government more of our money to waste, but the facts are these:
-circa Clinton (a Dem, by the way), out budget was balanced. fucking amazing. hadn't happened since the late 60's.
-Bush comes along and decides to give rebates. sounds good, but a lot of economists (conservative ones, at that) said hmmm, yeah things are really awesome right now, let's not be rash.
-then this fucking obtuse, spoiled, tiny-dicked, fake Texan gets us in a mind-staggeringly expensive war based on bullshit that his admin cooked up.
-then, just as the last gasp of the 90's economic boom (over-valued housing market) is turning bust, he decides to hand out more dough to the people. Where is it coming from? we owe trillions. It's gonna have to be paid back. The USD is shit. Are we just supposed to leave it for the next generation(s)? Doesn't seem fair. Now I certainly don't agree with Biden that "taxes are patriotic", and I know the IRS is bloated, inefficient and probably unconstitutional, but we we are way in the red. If this isn't remedied, I don't even want to think what the next 20, 30, 50 years will be like.
Now, you can talk all day long about tax cuts creating jobs, but the hard facts are that most of these rich dudes aren't paying their fair share to begin with. they offload the bulk of their private wealth into off-shore, untaxable accounts or find various tax shelters and loopholes where they can thumb their nose at the IRS. That's bullshit.
I think it's also important to remember that under Obama's plan, only the dough you make after $250,000 is going to be taxed 3% higher (@39% instead of 36%). In other words, if you are so lucky/smart/bless-ed/whatever to earn $250,005 - your tax burden will increase by appoximately 15 cents. I think this is doable.
will Obama have the tenacity to see that the bulk of these revenues will be used in attempt to balance our budget, restore the USD, etc? I don't know. But I will say that even though he tends to be a little more nanny-state (at least in rhetoric. remember, it is campaign season. the promises are going to be a-flying) than I like, I think he is smarter than McCain, will appoint better people (see: a lot of the Clinton folks, who were actually more little "c" conservative than anything we've seen in the last 8 years), and has shown better judgment throughout the campaign. I mean Palin?! REally? That is not the decision of well man. McCain's impetuousness and desperation are not conservative. His vocal support of Bush's economic and foreign policies is not conservative. The word "conservative" has become completely bastardized, and for that, I blame the Republican Party.