Saturday, December 18, 2010
Republicans: Stimulus No! 850 Billion on Tax Cuts Yes!
The Republicans when Obama came to office opposed the legalisation to put 900 billion dollars into the economy a cost that was a one time government spending. Meaning that the cost of the stimulus would end in 1-2 years. The Republicans are opposed increasing the deficit by 900 billion. Which could sound reasonable, but When they all of a sudden support a tax bill that would increase the deficit by 850 and they said would like to keep permanent just doesn't make any sense. There not okay with 900 billion for the economy, because of the deficit, but almost the same amount of money on tax cuts that didn't work to help the economy and put the U.S back in deficit is perfectly fine.Here is the Republicans idea: spending a one time 900 billion that will leave in 1-2 years is a no-no as it would increase the deficit. Spending extra 850 billion for tax cuts that they would like to stay permanent. Now you might say that the deal would extend Bush Tax cuts only for 2 years. Yeah, but would Republicans want to increase taxes. In fact many Republican wanted to make all Bush Taxes permanent. The Republicans aren't against spending there just against the spending that helps the economy and that will end and go off the deficit. They want spending that will keep the country in deficit forever and eventually cause taxes to increase just to pay off the interest on the debt. This is the Republican ideology.