Priority: Debt Reduction Or Huge Tax Cut?
Q: Greenspan likes tax cuts mainly b/c with the current growth trend we'll pay off the national debt between 2005 and 2015 (thats if we have the next depression as piddy would have you think). Face it, the conglomeration of wealth amongst the top %1 in the world is incredibly massive. Esp in the United States. The argument isn't whether rich people deserve or need tax cuts, its what is our priority: Debt reduction or huge tax cut? The huge tax cut (and 2 trillion is pretty huge) creates a more likely outcome of returning to deficit spending and increased debt. The balance between giving back taxes, reducing debt, and maintaining our budget priorities ($5 billion more so far for military personnel, 'National Missle Disgrace', and the like, is very precarious. I hope Congress doesnt f* this one up.....
A: military spending directly correlates to campaign contributions from contractors in specific congressional districts.
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