From Pete Du Pont at the Wall Street Journal Editorial Page...
Rising Tide...
Tax cuts are good for everyone--and everyone knows it but Washington Democrats.
Opposing tax cuts has become the mantra of the liberal left. Sen. John Kerry wants to roll back Bush's "unaffordable tax cuts." Senator Mark Dayton (D., Minn.) called the cuts "dangerous and destructive and dishonorable." Bill Clinton in 2003 said the cuts were "way too big to avoid serious harm." And various New York Times editorials called them "economically unsound," claimed that "they will increase the deficit by hundreds of billions of dollars" and said they were unlikely "to stimulate the wallowing economy." Earlier this month House Minority Leader Nancy Pelosi promised that the election of a Democratic House in November would result in a "rollback of the tax cuts."
Of course they have it backwards. President Bush's personal income, capital gains and dividend tax rate reductions have created economic growth, significantly increased government tax receipts, and reduced the federal deficit by nearly $130 billion. As the New York Times was forced to admit in its front-page headline on July 9, a "Surprising Jump in Tax Revenues Curbs U.S. Deficit." But it isn't surprising at all; the truth is that when tax rates go down, economic activity goes up.
Mr. Bush signed the most recent tax cuts into law in the spring of 2003. In the past 33 months the size of America's entire economy has increased by 20%--or, as National Review Online's Larry Kudlow put it, "In less than three years, the U.S. economic pie has expanded by $2.2 trillion, an output add-on that is roughly the same size as the total Chinese economy."
So, to answer the question on the photo...
Who is going to pay off President Bush's 380 billion dollar debt?
President Bush.
Unless the Democrats undo what he has done.
The people in the photo are actually the people who are going to pay for your Social Security checks.
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