
President Bush and congressional Republicans agreed yesterday on a $70 billion package of tax-cut extensions that they hope will help halt the deterioration of their political fortunes.
- - -
And the compromise is sure to spark a new round of recriminations from Democrats, who say the Republican Party continues to favor wealthy investors over lower- and middle-income workers, without regard to a budget deficit that is expected to reach $370 billion this year.
With deficits soaring, with spending soaring, and with a war still to fund, I have to believe that tax cuts for the wealthy can no longer be a winning strategy for the Republicans. This is not only irresponsible government, it's unconscionable. The have-mores continue to prosper, while the have-nots slowly go under. The beast is being starved. Mission accomplished.
Read more.
(Cross-posted at State of the Day.)
No comments:
Post a Comment