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What do you think of this Analysis of the public debt?
According to this analysis, the bush tax cuts account for far more of our national debt than Obamas supposed "out of control spending". Why do more people not realize this? Wouldnt most people rather see tax increases on the wealthy than cutting programs for disadvantaged youth?
http://www.offthechartsblog.org/what%E2%80%99s-dri...
This is not a partisan source.
2 Answers
- ?Lv 71 decade agoFavorite Answer
your point is very much valid....but, capitalism thrives upon " using human resources" at "cheaper cost" ....to craete more " wealth of the nation" .
capitalism is an alligator which has held up in its teeth a drowning people ....who hope forever that at the bank, it'll open the mouth and they will be free.
- simplicitusLv 71 decade ago
The debt numbers are clear and have been for years. But that hasn't stopped the controversy.
The Republican politicians don't think people prefer tax increases. Otherwise they wouldn't have pressed for the continuation of the full Bush tax cuts instead of letting the tax cuts for those earning more than $250K per year lapse.
But there are polls that do say Americans are in favor of increasing taxes on the wealthy:
http://www.politifact.com/truth-o-meter/statements...
Other polls indicate that most Americans haven't the foggiest clue of what the government budget is like. They think the government spends large amounts on foreign aid, etc.
