Don’t get me wrong. I would love for my taxes to be lower. I am not saying that the tax break is unfair to the poor, or more benificial to the rich.
We, as a nation, are incredibly in debt. Our outsanding balance is so high that the intrest payments alone are a significant percentage of our annual budget. I would think that, instead of giving back the current surplus through temporarly lower taxes, we should pay off some of the principle so that we can have lower taxes for much longer time in the future. I’d rather forego a 10% break for the next ten years and gain a 25-30% break for the decades to follow.
I just got a new loan for a car. If I happen to get a wind fall, I am going to do everything that I can to lower my debt load so that my monthly expenses will be less. Jeez, I can can figure that out, why the hell can’t the people who have been elected to serve me do the same?
Every 100 billion we spend now on the debt is 8-10 billion a year forever we don’t have to pay in interest.