Here comes the Tax Cut train

I'll just start this off with a long, drawn out 'sigh'. To be perfectly honest I had no idea Bush had even passed a tax cut, but to extend it leads me to think that maybe President Obama is just simply fishing for economic recovery. Not to insinuate that I know a substantial amount about how the economy works, but it seems to me that by extending the tax cuts to the wealthy Americans does nothing to help the economy, especially if it ads 900 BILLION to the already staggering 13 Trillion National Debt. 

Obama Seeks to Deflect Anger in Party Over Tax Deal


It seems to me that something must be going horribly wrong for a Democratic President to ask for support from an opposing Republican party to pass this deal, which comes as no surprise, seeing as the late Republican president Bush was the one who introduced the tax cut. Weird? I don't think so. My question remains: Why is Obama going to the Republican party for help? Well, it's not rocket science, I think most of us know by now that at least some of the the Democratic party thinks that the president is not going in the right direction, and the people have picked up on this. Proof of that has come from the mid-term elections.

Bush-Era Tax Cuts

The reasoning for the tax breaks is, yet again, that it will "trickle down" to the working class, and in return help the economy, something I'm a bit hesitant to swallow just yet. But as with most things, there are two sides to the story, and I don't pretend to know enough about the economy to say how it will turn out, but to me it seems counter-productive to lower taxes for the wealthy and millionaires who have the income to pay them, while increasing our already bloated national debt. And I'm not neglecting the fact that these cuts will keep the tax of the middle class low as well.


But I digress, maybe we should leave it to the brain-heads in Capital Hill to tell us what's better for us in the long run...


...I don't think so.