Thursday, August 27, 2009

Tax Cuts for the Wealthy Come Before Health Care for the Uninsured.

Mark Thoma at Economist's View points out a 3 trillion dollar price tag stemming from Obama's plan to extend Bush era tax cuts:

"It is interesting, and perhaps worth noting, that while political opposition seems to be hardening against the $1 trillion, ten-year cost of the early versions of health reform, barely a peep of concern has been raised about the $3 trillion price tag for President Obama’s plan to extend most of the Bush-era tax cuts."

One might also question Obama's wisdom in geographically widening the 3 trillion dollar war being fought in the Middle East.

One might also question the fiscal logic in escalating U.S. military presence in Columbia.

Continued Tax Cuts for the Wealthiest Americans, (never-ending) Bailouts for Financial Institutions, and Continuous War are being delivered by the President supposed to bring us hope.

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