The US Economy - A Ponzi Scheme

[finnbow]

Originally Posted by whell

BS on both counts. The Bush tax cuts are now the Obama tax cuts. You can't have that one both ways. But even at that, how could the "Bush Tax Cuts" be a bad thing for the Federal budget when the Feds just took in tax revenues at record levels???

Because receipts would have been greater yet. Getting rid of the irresponsible Bush tax cuts is politically impossible. The House would rather set the Capitol building ablaze than to fix the fiscal problem caused by these cuts.