Thursday, May 18, 2006

Bush Delivers More Tax Cuts

Bush signed legislation yesterday to give more tax cuts to the priviledged few.

He, along with his RepubliCON supporters, claim that this will help the economy. This is at a time when we have the largest debt ever, as well as the biggest annual deficit. Basic needs for the country are not being met.... poor domestic disaster preparedness, weak anti-terror measures, schools cutting back services, soaring energy prices, middle-class and poor Americans feeling the economic pinch, inflationary pressures increasing, Americans with lack of money for savings or retirement, Few jobs with a living wage, More and More Americans with no healthcare (nearly 50 million), 1 in 5 American children living in poverty, Americas deteriorating infrastructure, America losing its manufacturing capability- requiring us to get almost everything that we need from outside of the country, America losing its engineering and industrial strength to overseas competition, and an immoral unjust war in Iraq that is draining the country of about 5 billion dollars a month....and more importantly costing young American lives.... yet Bush finds the money for all of these tax breaks?

Yeah...they say that it will boost the economy, however, studies suggest that this may not always be the case. It seems that Bush has overstated the case for tax cuts, so that he can reward those who support him most (Corporate America & top tier wage earners).

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