Bush Tax Cut Plan Is
Not What America Needs
By James Donahue
A proposal by President
George W. Bush to dump $150 billion in tax relief into America’s
private coffers to “stimulate spending” is not a solution to the financial mess created by this administration.
It will appeal to the
masses who are being manipulated once again to look upon Republicans as the good guys. That might work for people with
short memories, who grab the few extra dollars returned to them on income tax time . . . which incidentally is rolling right
up in our faces. But it won’t provide jobs, it won’t fix the failing economy, it won’t increase the value
of the dollar and it won’t stop the slide occurring on the stock market.
The problem has been
the Bush economic policy from day one. This crooked administration took a wonderful surplus left by the Clinton
Administration and created a national debt of just over nine trillion dollars, mostly bombing sand dunes in Iraq and Afghanistan,
and pouring billions of wasted dollars into bogus contracting companies hired to service those countries without proper government
In case readers need
some kind of concept of the deficit nine trillion dollars amounts to, consider this. The estimated population of the United States is currently about 304 billion people. So every
person’s share of that debt amounts to just over $30,000. And the debt is increasing on an average of $1.43 billion
a day as that cursed war goes on.
The debt, and the outsourcing
of jobs by American big business interests to other countries, our failed education system, our failed infrastructure, and
the policy of the Bush Administration to pour billions of dollars in arms shipments and aid to other nations, including Israel
and Saudi Arabia, has had the effect of slamming the US economy. We see the current housing crisis, the increased number of
unemployed and homeless, the sliding value of the dollar and all of the indications of this nation sliding into a recession
as the direct result of a very bad national economic policy that has been bleeding the system in favor of big business interests
for too long.
Instead of raising taxes
to pay off some of that debt, shutting down the war, and funneling some of the money being wasted on bombs, bullets and war
material back into education, health and rebuilding the American infrastructure, Mr. Bush is advocating even more tax cuts.
He also is asking Congress for more “tax incentives for businesses” in an effort to encourage new investments.
He believes industrial growth will create new jobs and put more money in people’s pockets.
What is sad is that our
working legislators are all clamoring to keep their jobs in what has turned into a harsh campaign year. Consequently, they
won't be anxious to do what is right for the country, but rather what appeals to the voter's pocket books for the moment.
Thus the Bush tax cut will probably get legislative support.
Such has been the bane
of the capitalistic system. It thrives on encouraging people to spend beyond their means and keeping the wheels of business
turning. But in a world now running out of natural resources, this must no longer be a way of life for Americans, or the rest
of the world for that matter. It is time to rethink our way of life, and seek new methods of providing for the needs of all.
It is time for America to choose new leadership, and to be willing to turn
in a new direction, adopting new economic policies before it is too late. We believe it is time to consider a more socialistic
system of doing business, with the wealth of our nation and of all nations divided evenly among the people.
It is time for us to
give serious consideration to socialized medicine, to restructuring our education system, and to start building public transportation
systems that replace the car culture before we run out of petroleum. Utilizing valuable farmland to produce alternative forms
of gasoline, while billions of people go hungry, is not the answer.
It is time for America to return to holding honest elections, putting the
control of government back in the hands of the voters.
It is time for the crooks
in Washington to be exposed and held accountable. It is
time for impeachment hearings, and perhaps criminal charges brought against the people who led our nation on the malicious
path it has taken for the past seven years.