1) The amount of revenue brought in by repealing Bush tax cuts is FAR more than that. 2) By incrementally increasing our revenue EACH and EVERY year we will also be bringing down the INTEREST on our debts, since we will be able to pay more/and earlier. The interest is killing us.
3) In times of economic crisis, it is pure class warfare to allow the uber-wealthy to get away with not paying their fair share of taxes. It's ludicrous. 'Revenue problem' the cause of nation's budget deficit, not over spending" We are not broke, as the Republican Party would have us believe.
There are two sides to any budget - the income side (revenues) and the spending side. Much of the current deficit created under President Obama is the result of government revenue being substantially reduced due to the unregulated excesses of Wall Street that led to the housing bubble, and because of spending to create jobs. In fact, one-third of the Obama stimulus package went to tax cuts.
But the biggest part of today’s deficit is a direct result of what happened between 2001 and 2008. George W. Bush came into office with a budget surplus because in the last four years of Clinton’s presidency, the government took in more money than it spent.
It took us from 1789 to 1980 to reach a trillion-dollar budget deficit. Reagan doubled that to three trillion and George W. Bush nearly doubled it again as the deficit rose from 5.7 to 10.7 trillion.
Bush took us into Iraq and Afghanistan and signed a costly Medicare Prescription drug bill, yet did not account for any of this spending in the budget. It was all borrowed. Then, astonishingly, he signed the largest tax cut in American history, most of which went to America’s wealthiest people.
He is the first president to declare war and cut taxes. LET ME REPEAT THAT: "He is the first president to declare war and cut taxes." Government tax revenues today are at their lowest level since 1950.
Where is the prosperity that the Bush tax cuts for the wealthy was supposed to create? Where are the jobs? The rich are much richer than they have ever been, and corporate profits are back to pre-recession levels.
Large bonuses are being paid to corporate executives while one-fourth of our children are on food stamps and people are dying because they can’t afford health care or health insurance. In addition, more than 20 million people are either unemployed, under-employed, or completely out of the job market. In 2008, the richest 1 percent of Americans (adjusted gross income over $380,354) made 20 percent of all the income reported to the IRS.
That’s almost twice the 12.75 percent of total income earned by the lowest 50 percent of workers. That translates to 1.4 million people earning 20 percent of all income reported while 70 million people share just 12.75 percent. Yet the tax rates for the wealthy remain the lowest since World War II."
http://www.annarbor.com/news/opinion/rev...
The Bush tax cuts reduced revenues by far more than $70 billion a year. *** " ... the Bush tax cuts that were passed up through 2006 (the 2001 and 2003 cuts as well as other smaller cuts in 2004, 2005 and 2006) ended up costing the Treasury approximately $2.1 trillion in foregone revenue from 2001 to 2010. CTJ Citizens for Tax Justice claims that if you add interest payments, that number goes up to around $2.5 trillion".
http://www.taxfoundation.org/news/show/2... That's more like $250 billion a year.
I cant really gove you an answer,but what I can give you is a way to a solution, that is you have to find the anglde that you relate to or peaks your interest. A good paper is one that people get drawn into because it reaches them ln some way.As for me WW11 to me, I think of the holocaust and the effect it had on the survivors, their families and those who stood by and did nothing until it was too late.