The plan calls for sweeping tax changes that would affect millions of Americans, including trimming or doing away with many popular tax breaks such as the home mortgage deduction.Brilliant.
Although prospects for the plan are unclear, the attention it has received has helped awaken the nation to the depth of the economic hole the country is in and the need for bold action to dig out, suggested Bowles.Nope. The American people are well aware of the problem Mr. Bowles, as any attention at all to the nation's politics would have told you. Do you not recall the Tea Party movement? It wasn't about tea, Mr. Bowles, and your commission did not bring attention to runaway Federal spending. The response of the American people was to throw out the Democrates from control of the congress, and if they could they would have thrown out Obama as well.
"The American people get it now. People want this to happen," Bowles said.
While the deficit commission grappled with longer-term economic woes, congressional Democrats and Republicans worked separately to strike a deal with the White House on a more immediate financial issue: extending Bush-era tax cuts that expire Dec. 31. And despite talk of finding common ground, neither side seemed willing to yield much as negotiations began with Treasury Secretary Timothy Geithner and Budget Director Jacob Lew.Raising taxes when the nation is struggling will not help the recovery. Tell Timmy Geithner that keeping tax rates as they are will not cost the government anything. He can work out why on his own. It is stability that we need, and the longer those bozos are clowning around and mucking up the future the longer we all will suffer for it.
Both Democrats and Republicans seem willing to extend most of the tax cuts. But Democrats want to let cuts for the wealthiest Americans expire, citing damage to the federal deficit from lost revenue as a main argument.What a bunch of thick headed dolts. We do not have a taxation problem, congressional Democrats, we have a SPENDING PROBLEM.
You guys are the big spenders, huge spenders, biggest the world has ever seen. As Mark Steyn points out, you not only have outspent the nation's economy, you've outspent the world's economy. We're sick of it!
You and the White House need to get that through your thick skulls.