Why Dems Should Push Balancing the Federal Budget
by mrgavel, Fri Feb 04, 2005 at 06:09:20 AM EST
This has given the Democratic Party the opportunity to seize the high ground on fiscal responsibility. The reasons why it should do so are as follows:
- Bush's plans depend on running Federal deficits. His tax plans, his war in Iraq, and his Social Security "reforms" depend on the Federal Government borrowing billions to finance the government as opposed to raising taxes or cutting spending. If politically it was hard to continue running up trillions in debt his ability to push these plans would be seriously compromised.
- Federal interest payments amount to a large transfer of wealth from working Americans to the investor class. Every dollar that goes to interest payments is one less dollar available for Federal programs or for reducing taxes on working Americans.
- Deficit spending is immoral in that Bush is simply transferring to our children and grandchildren the cost of paying for his agenda.
- It is simple to understand. In politics the politician who can explain his/her position in 12 seconds has a distinct advantage over those who cannot.
- It provides a unifying theme against both Bush's tax plans and his Social Security plans.
Tags: (all tags)