hank56 wrote:That a fact? Depends on who one believes is accurate. For the sake of argument it "generates" 500 billion, still 500 billion short aren't we?
Just because previous admins ran up debt doesn't make it acceptable behavior. Your guy did it so can mine? Sort of the "oh yeah" syndrome IMO.
Extending the Bush tax cuts last Fall was estimated to cost 3.7 trillion dollars for 10 years, or on average 370 billion dollars per year.
Eliminating the Bush tax cuts for the top 2% (rich) will save 60 billion per year and that is Obama's target.
Where this gets complicated is that we were told that the Bush tax cuts were for the rich yet there seems to be a pretty big gap between 370 billion and 60 billion. I guess in a way everybody is rich!
Americans have been sold into a life of indentured servitude and do not even know it.