Fiscal irresponsibility - McCain & Obama tax policies - cougarguard.com — unofficial BYU Cougars / LDS sports, football, basketball forum and message board

Ma'ake · 06-18-2008, 01:35 PM

http://www.taxpolicycenter.org/publi....cfm?ID=411693

We're now paying the price for extended budget deficits, fueled by persistent (and arguably) irresponsible tax cuts without regard to their long term economic effects.

The preliminary analysis of McCain's & Obama's tax policies suggests with Obama tax revenues (ability to close the deficit, reduce the debt) would be increased by $700B, while McCain's proposal would increase our deficit / debt economic baggage by $600B.

The micro-focused conservative emphasis on the benefits of tax cuts is running up against the now apparent economic price to be paid by all for irresponsible fiscal policy.

As with McCain's proposal to exploit domestic oil reserves, there is no commensurate requirement for (needed) sacrifice by individuals, the underlying problems to be manifested & paid for in the long run are ignored.

This is simply a continuation of Bush's fundamental irresponsibility. We have to face reality. This isn't it. This is transparent political pandering, exploiting individualism for short term political gain.

No sacrifice to be paid, folks. Put the tab on the credit card.

06-18-2008, 01:35 PM	#1
Ma'ake Member Join Date: Jan 2006 Location: SLC Posts: 441	Fiscal irresponsibility - McCain & Obama tax policies http://www.taxpolicycenter.org/publi....cfm?ID=411693 We're now paying the price for extended budget deficits, fueled by persistent (and arguably) irresponsible tax cuts without regard to their long term economic effects. The preliminary analysis of McCain's & Obama's tax policies suggests with Obama tax revenues (ability to close the deficit, reduce the debt) would be increased by $700B, while McCain's proposal would increase our deficit / debt economic baggage by $600B. The micro-focused conservative emphasis on the benefits of tax cuts is running up against the now apparent economic price to be paid by all for irresponsible fiscal policy. As with McCain's proposal to exploit domestic oil reserves, there is no commensurate requirement for (needed) sacrifice by individuals, the underlying problems to be manifested & paid for in the long run are ignored. This is simply a continuation of Bush's fundamental irresponsibility. We have to face reality. This isn't it. This is transparent political pandering, exploiting individualism for short term political gain. No sacrifice to be paid, folks. Put the tab on the credit card. Last edited by Ma'ake; 06-18-2008 at 01:37 PM.