Tax Cut Extension

Republicans, with not just a little support from Democrats spooked in the last elections, are bent on extending the Bush tax cuts for everyone, the rich included. Given the deficit, which Republicans caused and are only now alarmed about, one has to wonder why we would cut off the only sensible way to reduce or eliminate the deficit.
Taking away my tax cuts will not have much effect. An increase in taxes means that I will not be able to buy a much needed car. If the tax cuts are extended, I will still not be able to buy the needed car. As for the rich, of course, there is no problem. With or without the tax cuts, they will still be able to buy a car.
The tax cuts made by Bush and Congress were really a bad idea from the start. They were done to boost the economy and did not work. They were also done to create jobs and that didn’t work either.
Growing up, my parents taught and constantly reminded me; when it comes to incurring debt, one has to pay the fiddler if one wants to dance. Shortly, I suspect, the fiddler is going to pack up his fiddle and leave us to dance in silence – if anyone feels like dancing.
Rather than allow congress to make sweeping cuts to entitlement programs and government services, more of us will feel like dancing if congress identifies what caused our deficit and eliminate it. From where I stand, that means we should stop the foolhardy wars we are engaged in and dismantle TARP.
Those measures alone will reduce the growth of the deficit and if we tighten belts by allowing the tax cut measure to expire, we should be able to eliminate the deficit and pay the fiddler; and, continue to dance on life.