I thought I understood where both parties stood on the state of our economy: Both agreed job creation was #1. Both were for lowering taxes, for the middle class at least, in order to spur consumer spending. This would create demand, production, hiring, and eventually MORE tax revenue. We would "grow" our economy out of the mess we're in. Textbook simple.
But now I read that neither party is too keen on extending the Bush tax cuts set to expire January 1st.
"Independent analysts say that the expiration of the tax cut could shave as much as a percentage point off economic output in 2013, and cost the economy as many as one million jobs." NYT, Oct. 1, 2012
Now we're being told that our economy can take the hit. One hundred sixty million Americans would see their taxes go up an average of around $1,000 next year. But....I thought....??
I understand why the whack-o ultra-right / Tea Party wants to stir the pot. Their style since they got to Washington is to follow, ironically, the old Leninist credo, "Worse is Better". The worse things get on their opponents watch, the more "the people" will demand their leadership (and I use the term leadership loosely). But now the Democrats are throwing us under the bus, too?
We, you and I, the middle class, are being played for chumps this election year. Where are our responsible REAL leaders? Ronald Reagan, the darling of the Tea Party, I'm sure would be the first to slap down his party's Young Guns today.
He and his responsible opponents across the aisle would be working night and day* to get our economy back on track, not sabotaging the entire country in order to make themselves look good. Why do I think that? Because that's exactly what they did. They got RESULTS. All we're getting today is SCREWED!
S
*BTW...Did you know the House of Representatives has been in session only three (3) days since August 1st? Or that their salary is $174,000 a year? Are ya feelin' the love?
