I was wondering why the Bush administration pushed through a tax cut in such hard economic times and ever increasing budget deficits. I don’t remember anybody complaining too much about taxes. I don’t understand much about finances, but it seems to go against common sense to reduce your income when your outflow has stayed the same or has increased. (And don’t we have to pay for George’s little war?) I had heard some say that a tax cut was needed to help stimulate the economy; but, after reading an article by Paul Krugman, I fear next year—an election year!
Basically the idea is that the Bush administration wants to cut back on social programs Americans are use to, like Medicare and Social Security. They know that they cannot come out in front and purpose budget cuts in those areas, so they are going to create a back door—reduce tax revenues and force a possible budget crisis. Then they can reduce or eliminate the funding for such social programs.
But the people now running America aren’t conservatives: they’re radicals who want to do away with the social and economic system we have, and the fiscal crisis they are concocting may give them the excuse they need. The Financial Times, it seems, now understands what’s going on, but when will the public wake up?
(I am also worried about all the recent talk about Iran harboring terrorists now and suggestions of an another invasion. Is Bush going to hopscotch his way around the world, invading countries he does not trust?)
America needs someone to speak up from the left to balance out all of the actions from the right. In the current weak economy, anyone wanting to run against Bush next year only has to ask the voting public one question from an earlier presidential election, “Are you better off today than you were four years ago?”