For people who cry about higher taxes, there not looking at the reality that we are facing.
I want to cut taxes, slash government, get rid of the Fed and more but there's a reality that we are facing right now:
OVER 10 TRILLION DOLLAR DEBT!!
The fact is, in the last 8 year Bush and Congress didn't pay for anything.
Bush borrowed and spent us into oblivion and now we have massive debts.
So, we have McCain or Obama.
Obama says we have to start paying are bills and if that means raising taxes on some, it's needed.
This is one reason why are economy is hurting now. It's because the economy is slowing down and they keep tring to jumpstart it by keeping interest
rates artificially low.
If Bush would have tried to control spending things would be much better right now. He cut taxes and the economy grew and revenues increased but he
did NOTHING to control spending.
He gave out 12 Vetos vs Reagan with 78 and even Clinton with 37.
Bush gave out his first Veto, July 19, 2006!!!
Not since the early years of the republic has a president been in office as long as President George W. Bush without vetoing even one bill. But this
remarkable record of collaboration between the branches may be at its end with the issue of stem cell research winning favor in Congress.
This is how a President controls spending, with the veto pen.
Total real discretionary outlays will increase about 35.8 percent under Bush (FY2001-06) while they increased by 25.2 percent under LBJ (FY1964-69)
and 11.9 percent under Reagan (FY1981-86). By contrast, they decreased by 16.5 under Nixon (FY1969-74) and by 8.2 percent under Clinton (FY1993-98).
Comparing Bush to his predecessors is instructive. Bush and Reagan both substantially increased defense spending (by 44.5 and 34.8 percent
respectively). However, Reagan cut real nondefense discretionary outlays by 11.1 percent while Bush increased them by 27.9 percent. Clinton and Nixon
both raised nondefense spending (by 1.9 percent and 23.1 respectively), but they both cut defense spending substantially (by 16.8 and 32.2 percent).
What makes this all the more frustrating is that Bush, unlike Reagan and Clinton, faces a Congress that is controlled by his own party, which claims
to be dedicated to smaller, more efficient government. Yet Bush has shown no leadership on spending reform—and Republicans have rebuffed even the
mildest criticisms of their spendthrift ways. It seems incontestable that we should conclude that the country's purse is worse off when Republicans
are in power.
Bush was out of control with his borrowing and spending.
McCain will be the same way.
He talks about a spending freeze after voting for a 700B dollar bailout.
McCain wants to stay in Iraq which will mean borrowing more money. He will borrow money to pay for his healthcare credits and more.
This is what's wrong with the Republican party today. They borrow money then say we didn't raise taxes. But they are borrowing and spending which
will not be good for my children and grandchildren.
We have to start paying the bills!!
[edit on 20-10-2008 by Wise Dome]