Wednesday, December 15, 2010
History, stupidty and other lessons
Well the Senate, still under Democratic control, yesterday passed a bill extending all the so called " Bush era " tax cuts. Good news. It is interesting though that the Dems. are calling for bipartisan action on a bill they have opposed for 10 years, also passed in that bill is a continuation of the estate tax breaks and with higher limits. They also tossed in an extension of the unemployment benefits, thank you, Perhaps the mid term elections opened some minds to the peoples desires.Hopefully it will now pass the house intact. This is actually a simple thing. Lower taxes means more money in our pockets which for the vast majority of people means more money spent and positive economic reactions. Estate taxes should be totally outlawed as it is a tax on money that has already been taxed. One of the reasons our forefathers broke away from merry old England was for taxes on taxes... I also agree with the extension of unemployment benefits as jobs are still scarce and those benefits help keep people afloat and that money dose go right back into the economy. In mid-October we passed a mile stone that i believe has gone fairly unnoticed. We have now been fighting in Afghanistan for 10 years. If you recall the soviets were only there for 9 years. Is it fair to mention Viet Nam, republic of..... Depending on whom you believe the US government spent between $3 and $40 billion to arm the Mujahideem freedom fighters against the soviets.. ANYONE CARE TO GUESS WHO WE ARE FIGHTING..............Apparently the only thing we learn from history is that we don't learn anything from history.
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