I just don't get it. Just a few weeks after passing $49.9 billion in spending cuts, the U.S. House of Representatives has now passed $56 billion in tax cuts. The Senate has already passed big tax cuts and spending cuts, so it looks like these things are more or less a done deal.
Can someone help me out, because I'm a little confused - how in the hell does this make any sense, like, AT ALL?
This shouldn't be a political party issue. It should be basic common sense. If I owe a lot of money in credit card debt and have to reduce what I'm spending each month in order to pay it, do I then also quit my second job? Um, no. When one's credit debt is going up, one takes one's medicine and pays it down. And oh - does the U.S. have debt. To be precise, $8.1 TRIIIILLLLLLLLLLION in debt, and that's according to the Treasury Department, not some spin doctor. Doesn't that deserve our attention? I know tax cuts are "good for the economy" and all, but you know what else is good for the economy? Not having mountains of debt. But hey, don't take it from me. Take it from, oh, I don't know, Alan Bleeping Greenspan.
And hey, if we need to cut Medicaid and money for farmers and college loans for a while so we can get back on track (as the spending cuts suggest), so be it. Wanna take it out of the poor peoples' asses? Hey - you gotta take your medicine. And it's nothing we haven't done before. But you know what? Take it from richer people, too, who are the ones who stand to benefit most from these tax cuts, which largely affect investment earnings. And why not take a look at cutting some spending in the Iraq war, too, on which America spends $177 million per day? Check out the running total! And check out the government's own findings on its own spending for this war! These are real numbers - and the numbers don't lie.
I'm not saying end the war or keep it going - let's put that separate argument aside for a moment. I'm just saying, can't we cut some spending from it? The GAO seems to think we can. Do you mean to tell me that we are simply unable to look at that $177 million per day and find a way to cut some corners? We can boldly cut debt by reducing some money for college loans, but streamlining or eliminating war costs is simply not feasible? I guess this is a bit of a moot point anyway, since we're CUTTING FREAKING TAXES!
Not to sound saucy, but I feel like my argument is pretty unassailable here. What's the defense? Are we just intentionally robbing poor Peter to pay rich Paul, reducing money for farmers so people will have a few more coins in their pocket, at the expense of mounting debt that every single one of us, rich and poor, will eventually have to face, with ever-increasing peril? Are we not really serious about cutting debt? Do we not know what we're doing? Are we sticking our heads in the sand and refusing to face future economic demons so that some of us can be a little more comfortable right now? Are we just good, old-fashioned hypocrites?
And for my part as a middle-class American who could benefit from the tax cuts, I will stand here and say that, yes, I am willing to pay more taxes if it means helping other Americans and/or containing or reducing the national debt. Isn't that the patriotic thing to do, to borrow a jingoism? I can actually see beyond my own W-2 form and actually find a greater good for my country. As for the lawmakers behind these both-sides-of-the-mouth actions, I must say that they are either intellectually lacking, or intellectually dishonest, or both. Here's hoping some real progress can be made - either in restoring programs or reducing debt - in the future. Here's hoping. For now, both houses of Congress get a big, fat F.