Friday, September 24, 2004

Where's the sacrifice?

While thousands loose their life in Iraq, Congress is busy dolling out tax cuts:
Congress overwhelmingly approved a 146-billion-dollar tax cut endorsed by both President George W. Bush and his rival John Kerry but criticized by some economists.
This strikes me as fiscally irresponsible, due to the fact that we are currently experiencing large deficits. In a time of war, we all have to make some sacrifices. Tax cuts are not sacrifices; they are something that can be given in times of economic prosperity and/or peace. With 146 billion dollars, we could ensure that either our troops are better equipped or work towards reducing our deficit. Tax cuts like these are simply irresponsible, as were all the rounds of tax cuts offered in the last 3 years.

0 Comments:

Post a Comment

<< Home