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If the Bush tax cuts for the wealthy are extended, it means the U.S. must continue to borrow greater sums of money than it otherwise would have to, in order to
by Teckla 16y ago
If the Bush tax cuts for the wealthy are extended, it means the U.S. must continue to borrow greater sums of money than it otherwise would have to, in order to pay for those extended tax cuts.
This is one area where Democrats and Republicans should agree. The Bush tax cuts for the wealthy are simply not fiscally conservative.
The author expresses concern about the future for his children. Perhaps the author should consider that his children will have a higher tax/debt burden in the future if the U.S. keeps borrowing so much money.