Archive for November 29th, 2010

by jhwygirl

Call me crazy, but extending the Bush tax cuts for the rich…the top 2% of income earners in the U.S. while adding an additional $700 billion to the deficit and not extending unemployment benefits is the sheer definition of lack of common sense, no?


The Bush Tax Cuts didn’t create jobs and added to the deficit, and even the Senators and Representatives that voted for them in the first place knew this, which is why there was a termination on them because of the deficit it was known that they’d create.

The Washington Post has an nifty graphic to show the Obama v. Republican proposal:

Unemployed people – and the national figure is something like 9.6% (Montana’s is 7.3) – spend pretty much everything they get in unemployment, right? 100% of what they spend goes right back into the economy?

The cost of extending unemployment benefits? $65 billion.

The economic impact of that $65 billion? $80 billion.

Compare that figure to the $700 billion cost of extending benefits to singles making more than $250,000 and couples making more than $500,000 and then factor in that Republicans want the unemployment benefits paid for by spending reductions while they have said no quid pro quo deal on tax cuts for the rich.

I come up with “huh?”

Struggle as I may, I can not for the life of me figure out the logic behind a talking head – and there are plenty of ’em with this position – that would stand there and defend the current GOP position on these tax cuts for the rich. How do these people reconcile the unavoidable dichotomy of the situation? I mean – does it really work to avoid reality? In government?

Cause it’s slapping me along with a whole hell of a lot of others of us down here around.

So explain to me – anyone.

Anyone that understands this GOP mindset.

by problembear

this is one of the best posts i have seen on the top 5% of our wealthiest citizens fighting to renew their bush tax cuts in spite of the fact that they are actually prospering in this recession while the rest of us are losing ground.

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