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When Bush and his fellow Republicans passed their massive tax cuts, mostly for the rich, they gave them a 10-year expiration date. They did so to pretend they weren't having as big an impact on the debt as they were--and the idea was to use the cuts to get rid of that pesky surplus.
If the tax cuts expire it will simply be the completion of Bush's plan.
Republicans said they didn't have to offset the cuts when they were passed into law because the cuts were "only" for 10 years. Now they want them permanent but claim they STILL don't have to be paid for because hey, they're already on the books.
This approach is like paying your bills with a credit card for a year, telling your family you don't have to worry about it because it's "only" for a year---then when that year comes up you decide to keep doing it. What could the harm be? After all, you're already doing it, right? Just keep digging that hole, Republican style.
If the whole idea behind the tax cuts was to get rid of the surplus, well we no longer have a surplus so the responsible and logical thing would be to let the cuts expire as intended, right?
Oh no wait a minute, the Republicans were LYING when they said they'd let the cuts expire.
They want to "solve" the problem of the deficit the same way they "solved" the problem of the surplus.
Too much money? Cut taxes! To little money? Cut taxes!
Got a headache? Cut taxes!
Need a college loan, Medicare, or unemployment insurance? You're on you're own buddy, we had to cut taxes.
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