n_huffhines
What's it gonna cost?
- Joined
- Mar 11, 2009
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Everyone agrees that we should reduce the deficit.
But the Bush tax cuts for the wealthiest have already cost us $1.7 trillion and, if extended, would cost another $600 billion. The wealthiest have done the best in this economy, increasing their net worth, whereas everyone else has lost on their assets. Yet Romney/Ryan would would tax the middle class more, and cut Medicare by $700 billion, to pay for another tax break for the wealthiest?
This GOP slavish adherence to trickle down, which the last 30-40 years has proven is a dead concept, is where the election will be fought.
It is interesting to note that Romney/Ryan have avoided the phrase "trickle down" like the plague. Yet that is exactly the theory behind their proposals. It did not work in the 90's or the 2000's. Got to prime the pump on the other end.
Didn't we just have a thread with data showing that the recession has hit the wealthy the hardest? Can you back this up?
Nobody has slavishly adhered to trickle down. You live in an alternate reality...oh yeah, and the "Bush tax cuts" are now Obama's tax cuts.