"With Republicans in the Senate and Congress almost unanimous about wanting to terminate Medicare and Medicaid, I think it’s time we all pay a visit to a nursing home and see the greedy senior citizens whose stubborn longevity threatens the very idea of a luxury tax break on yachts and second homes.
I’m serious. This is what it’s come down to. During my lifetime, the richest five percent of the American population saw their tax rates drop by almost two thirds while their income outpaced the rest of the nation by similar numbers. Despite the revenue shortfalls caused by these cuts, the Republican Bush administration started two wars, one of which is now the longest war in US history, saddling us with what is ballooning into a multi-trillion dollar war debt. But unlike their predecessors, they never instituted a war tax to cover these costs. The result was predictable to anyone who ever balanced a checkbook. The math is simple. Wild military spending coupled with irresponsible tax giveaways to the rich equals structural deficits as sure as the sun will rise"..............LINK
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