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View Diary: Republicans oppose extending payroll tax cut because Obama supports it (102 comments)

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  •  No, they were long term destructive (0+ / 0-)

    ...with limited stimulatory capacity.  Spending is direct stimulus--truly "lift yourself up by the bootstraps".  

    Tax cuts are indirect.  When those tax cuts support the amassing of wealth by the upper echelons and bleeding of wealth by the lower echelons, the net impact is negative to the economy.

    But folks love "free candy" and actually believe they are overtaxed when their rates are low for a first world nation.  So the former way to promote tax cuts for the wealthy was to package them with tax cuts for the average Joe.   Now even that pretense is slipping away.

    What tax cuts now do is require reduced spending.  That is a net negative for the economy, and the country.  Who will get hurt most?  The lower 90% of earners.  

     

    If you ask "what color is the poster" when someone criticizes the President's policy or track record, you are probably a racist. If you assume white progressives don't like the President's policies because of his skin color, you are definitely a racist.

    by Celtic Pugilist on Fri Aug 26, 2011 at 10:19:31 PM PDT

    [ Parent ]

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