Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: tmp02
He does not claim the chairman is a partisan Republican, but he does fault him for being a "cheerleader for policies such as tax cuts...that could make the endgame all the more treacherous."

Ah, so we should be taxing ourselves into a better prosperity. Gotcha.

Meanwhile, every dollar given back to the taxpayer/consumer is a dollar not charged on an Asian-backed credit card. Go figure.

5 posted on 01/12/2005 6:42:46 AM PST by Physicist
[ Post Reply | Private Reply | To 1 | View Replies ]


To: Physicist
Meanwhile, every dollar given back to the taxpayer/consumer is a dollar not charged on an Asian-backed credit card.

If cutting taxes means higher deficits, as it has over the last 3+ years, then every dollar in tax cuts does indeed translate to another dollar put on the asian-backed credit cards. I believe that interest on the debt is now the 2nd largest federal outlay. Take a look at the taxes you paid the federal government last year, 30% or so of it went to pay interest on the debt, and the largest holders of U.S. debt are China and Japan.

7 posted on 01/12/2005 6:50:29 AM PST by 1LongTimeLurker
[ Post Reply | Private Reply | To 5 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson