your going to have to pay for the war by raising taxes sooner or later,I mean 6 trillion dolars of dept doesnt just go away.
2006-08-15 12:40:06 · 16 answers · asked by hawkeyes 3 in Politics & Government ➔ Politics
It makes perfect sense. If I'm President I start a war that creates instability in the oil markets thus pumping hundreds of billions of dollars into the pockets of my friends in the defense and oil industries. I get those pesky soldiers, largely from the lower socioeconomic classes to give their lives for my cause and so that the rank and file Americans won't scream too loud I'll give them money in the form of tax breaks and saddle the next couple of generations with the debt. By the time anyone figures out what I've done I'll have been out of office for a decade and will have been richly rewarded for my efforts.
2006-08-15 12:53:47 · answer #1 · answered by Whoops, is this your spleeen? 6 · 1⤊ 0⤋
The NY Time article clearly states that this may be a short term jump, and there's no guarantee this will happen in future too. Funny, how one point on an otherwise negative trend line makes conservatives ga-ga over their otherwise failed policies.
Someone has to pay for the war. Either we pay, by devauing US dollar (its quit low comp[ared to Euro now), or we continue to borrow from China, and other Asian giants, or we pay in future - by increased taxes etc.
2006-08-15 12:53:09 · answer #2 · answered by sebekhoteph 3 · 1⤊ 0⤋
May be a way for the republicans tax plan to look like it produces more jobs than it actually does.. Historically wars have been known to help a struggling economy and produce jobs. You go to two wars and cut taxes, your bound to create jobs. Makes tax cuts for the rich look like a good idea...
2006-08-15 12:50:19 · answer #3 · answered by Anonymous · 1⤊ 0⤋
The old way of thinking is that war is good for business. Some businesses benefit from was such as manufacturers of military hardware...they sell more, make more money, pay more taxes. Greater demand= increased production=more people working=more taxes paid.
2006-08-15 12:46:53 · answer #4 · answered by Anonymous · 0⤊ 1⤋
Well, the income to the IRS has increased, so lowering taxes works. The war thing is a red herring
2006-08-15 12:48:04 · answer #5 · answered by lordkelvin 7 · 0⤊ 1⤋
It doesn't make a bit of sense. It's just the punishment
waiting for the next president to take on. What a mess.
2006-08-15 12:53:16 · answer #6 · answered by Calee 6 · 1⤊ 0⤋
A lot of big money in selling weapons . Or tell a lot of Lies to the Public and let the next government deal with it .
2006-08-15 12:51:18 · answer #7 · answered by YABUT 2 · 1⤊ 0⤋
It does not. Never before in American history have we have a tax cut in war time and financed a war by borrowing money from other countries. To make it worse, we are borrowing from China, which is semi-hostle to us.
2006-08-15 12:46:27 · answer #8 · answered by arvis3 4 · 1⤊ 1⤋
what about high oil prices? they will go higher soon and taxes may go lower. use your calculator. Just to remind you that oil is not produced. It is ready made... And after you use your calculator use your mind...
2006-08-15 13:01:38 · answer #9 · answered by nunjogomez17 2 · 0⤊ 0⤋
Wash this down with some of your Kool-Aid:
http://www.nytimes.com/2006/07/09/washington/09econ.html?ex=1310097600&en=ec2d242da8699725&ei=5088&partner=rssnyt&emc=rss
"Me no not understand???"
Oh, and the LEAFS SUCK!!!
GO SABRES!!!
2006-08-15 12:47:42 · answer #10 · answered by thealligator414 3 · 0⤊ 1⤋