THE OFFICIAL DEBATE THREAD

[4dmin]

His just benefit the people that
A) PAY THE MOST TAXES
B) CREATE THE MOST JOBS

here is what really happened w/ your bush tax cuts... who is in denial?

Bush promised that his tax cuts would create jobs, but they didn't. A conservative-dominated Congress enacted two sets of Bush tax cuts, in 2001 and 2003. Job creation was a major Bush selling point, especially in 2003, when the administration asserted that the tax cuts would create 5.5 million jobs from July 2003 through the end of 2004. Instead, only 2.4 million jobs were added during that period—1.7 million fewer jobs than the economy was expected to produce without any tax cuts. [Center for American Progress] Today, the impact of the Bush tax program is clear: 8.5 million Americans are unemployed—2.5 million more than when Bush took office. [Joint Economic Committee]

Bush promised that his tax cuts would pay for themselves, but they didn't. Conservatives persistently repeat the myth that, as Bush put it, "You cut taxes, and the tax revenues increase," or as John McCain declared in March, "tax cuts…as we all know, increase revenues." But as Time magazine reported, "Virtually every economics Ph.D. who has worked in a prominent role in the Bush Administration acknowledges that the tax cuts enacted during the past six years have not paid for themselves—and were never intended to." [Time] In fact, Bush took office with a $236 billion surplus and will leave with a 2008 deficit of more than $400 billion. [The New York Times] The Bush tax cuts, which cost $300 billion last year alone, are primarily responsible for that deficit. [Center for Budget and Policy Priorities]

Bush promised that his tax cuts would help the middle class, but they didn't. During the 2000 campaign, Bush said his tax cuts focus "on low- and moderate-income families," and would provide the "greatest help for those most in need." [The New York Times] But in fact, the Bush tax cuts gave an average tax break of $118,000 to those who make over $1 million per year and only $740 per year to middle-income households. The bottom 20 percent of households received an average tax break of only $20. [CBPP]

http://news.yahoo.com/s/ap/20080913/ap_on_el_pr/mccain

Alan Greenspan says the country can't afford tax cuts of the magnitude proposed by Republican presidential contender John McCain...

eliminating congressional earmark spending — estimated at $17 billion annually — cannot offset McCain's proposed tax cuts.

"That's a huge amount of money, but it's not even a drop in the bucket to pay for $3.5 trillion in tax cuts," she said. "So, every time he throws up earmarks and he's asked how he's going to pay for it, he knows he's being disingenuous, he knows he's not being forthcoming."

[Alan®]

here is what really happened w/ your bush tax cuts... who is in denial?





http://news.yahoo.com/s/ap/20080913/ap_on_el_pr/mccain

Wait a second though. So we can't afford McCain's tax cuts but we can afford $800 billion in federally run program's? Sorry Paul but even I can see that doesn't make any sense. And you and I both know that if the government says it will cost 800 it usually costs double.

[4dmin]

Wait a second though. So we can't afford McCain's tax cuts but we can afford $800 billion in federally run program's? Sorry Paul but even I can see that doesn't make any sense. And you and I both know that if the government says it will cost 800 it usually costs double.

you guys really don't look this stuff up do you... 800 includes his energy/healthcare plans, etc... mccains energy plan alone could cost approx 350 billion. so neither are going to cut spending the way you may think

[Alan®]

you guys really don't look this stuff up do you... 800 includes his energy/healthcare plans, etc... mccains energy plan alone could cost approx 350 billion. so neither are going to cut spending the way you may think

Fact of the matter is nobody really knows how much either of them are going to cost but after last night I still find myself agreeing with McCain more than Obama on Foreign policy.

[4dmin]

Fact of the matter is nobody really knows how much either of them are going to cost but after last night I still find myself agreeing with McCain more than Obama on Foreign policy.

this doesn't nullify your last statements - both will have to shift/cut funding under our current bailout

[Alan®]

this doesn't nullify your last statements - both will have to shift/cut funding under our current bailout

You're absolutely right.

[Vteckidd]

here is what really happened w/ your bush tax cuts... who is in denial?





http://news.yahoo.com/s/ap/20080913/ap_on_el_pr/mccain

You quote yahoo news LOL

Paul its so funny how we get each other in person but politics LOL we meeting up or what??!!

[4dmin]

You quote yahoo news LOL

Paul its so funny how we get each other in person but politics LOL we meeting up or what??!!

h8ter - actually the link was to the greenspan article (it was on abc, ccn as well if you would like that)... politics are like religions... you can either crucify them or agree to disagree.