Clinton basically calls Bush out on his tax policy on George Stephanopoulos' show this weekend. "I don't think it makes any sense. I think its wrong." Despite the cost of Iraq, Katrina, and the general war on terror, Bush is still pushing to do tax cuts. Once again these tax cuts are aimed at the upper class. Republicans deny this but the facts bear it out. If it was an across the board cut...why not just make it that way? 5% for everyone, not the convoluted "trust us" math that is currently used.
Anyway, it just seems weird that Bush is talking about how we need to do this and that to eliminate our reliance on oil while at the same time creating this gigantic deficit that is reliant on foriegn money. Of course one of those is Saudia Arabia who the Bush family is in tight with so there is personal motivation involved.
For me, there should be "The 1st Law of US Tax Policy", its very simple:
Spend more, tax more; spend less, tax less.
The nice thing about this law it is a great motivator. All politicans like to cut taxes, they love to use it as a tool to boost numbers or get re-elected. Thats fine, they just have to be responsible about it. They want that boost, cut spending. That pork bill about to pass, sorry got to go. Oh that tax cut for oil, no can do unless can work arrangement with x to cut the spending on y.
Bush's policy though, no good can come of it. None, zilch, nada, there is nothing under the sun that can make me think that debt is a good thing, wether its on a credit card or for the federal government. Giving away money on the interest owed is always always bad business and it should be bad policy. But what the rich wants and can sell to the idiots, the rich get.
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