GOP Lawmaker Slips Up, Admits Tax Cuts Will ‘Increase The Debt’
OPS_admin | Jul 29, 2010 | Comments 0
At the end of the year, President Bush’s tax cuts are set to expire. President Obama and many Democrats in Congress favor extending those tax cuts for the middle class. But Republicans — seemingly not worried about the $700 billion cost — want tax cuts for the rich included as well.
Rep. Devin Nunes (R-CA) seems to be one of those Republicans. But when C-Span host Steve Scully asked the California Republican about the tax cuts issue on Washington Journal this morning, Nunes went slightly off message:
SCULLY: Tax cuts, do they increase the debt or do they spur economic growth?
NUNES: Well, I think that they increase the debt. If you let them expire at the end of the year we’re going to have a huge, the largest tax increase in American history.
Nunes drifted back on message later, saying that the deficit is “going to grow” if all the Bush tax cuts expire. But when asked why, he couldn’t provide any specifics. “Because it’s going to throw the economy into a tailspin,” he said. Watch it:
Full Story: Think Progress » GOP Lawmaker Slips Up, Admits Tax Cuts Will ‘Increase The Debt’.
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If we don't change our ways soon...
A new report by the Royal Society, chaired by Nobel prize-winning biologist Sir John Sulston warns that world population must be stabilized and consumption in wealthy nations must be reduced or the entire planet is in big trouble. As the report reads: "The number of people living on the planet has never been higher, their levels of consumption are unprecedented and vast changes are taking place in the environment. We can choose to rebalance the use of resources to a more egalitarian pattern of consumption... or we can choose to do nothing and to drift into a downward spiral of economic and environmental ills leading to a more unequal and inhospitable future."This is the same warning that President Jimmy Carter gave Americans back in the 1970's - but it was ignored when Ronald Reagan came to power with a "more positive" message basically telling Americans we can do whatever we want. And then after 9/11 - Bush told us all we should go shopping and consume ever more.And now with corporations calling the shots in Washington - long-term sustainability of the planet takes a back seat to short-term profits. If we don't change our ways soon - and embrace clean, alternative energy and educate women around the plant - then we all could be headed for a rough century.-Thom(Is there any chance we will learn in time? Tell us here.) -
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