The Hell with Our Kids

  • Washington Post: Tax Cut Impetus Building. The biggest risk for the Bush administration is if the tax cut frenzy on Capitol Hill spirals out of control. Business groups are pushing for additional corporate cuts that could add $1 trillion to the tab, while GOP congressional leaders are on record as favoring hundreds of billions of dollars in additional reductions.
  • Wall Street Journal: Donors Discuss Tax Cut with Bush. About 20 industry executives who gathered at the White House had contributed more than $14 million to GOP causes in the last campaign cycle. Their luncheon was longer and much more private than President Bush’s Tuesday tax-cut event in Virginia with a group of small-business owners.

    The hogs are grunting up to the trough. And the slop is waiting.

    Every survey taken during the campaign showed that the vast majority of Americans were more concerned about paying down the national debt and saving social programs than giving the wealthiest among us a huge tax cut. Yet Bush and his cronies, having helped talk us into a recession, are on the verge of ramming through one of the most fiscally dangerous pieces of legislation in years.

    The cut they’re discussing would be delightful for my personal bottom line. I make a good living. But I would rather not saddle the next generation with the trillions of dollars in debt that we now seem about to expand.

    All of the tax-cut talk is predicated on the notion that we’re in for massive surpluses as far as the eye can see. Bull. A slowing economy will whack tax revenues, and suddenly we’ll be back to massive deficits — bloating the national debt.

    Sickening. That’s politics, I guess.

    But the next time you hear a politician talk about the virtues of “personal responsibility,” note the sheer irresponsibility Congress, the White House and the fat cats are showing today. Being responsible is apparently someone else’s job.

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