OpinionFebruary 28, 2012
Tax cut not paid for
Hold everything! There is too much celebration over the big compromise between Democrats and Republicans to extend the payroll tax cut and continue the unemployment benefits. Why? Because the deal is not paid for. The $150 billion costs are simply added to the annual deficit and the public debt. The deal just moves us closer to government default on the public debt and the mob rule that will soon follow...
Hold everything! There is too much celebration over the big compromise between Democrats and Republicans to extend the payroll tax cut and continue the unemployment benefits.
Why?
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Because the deal is not paid for. The $150 billion costs are simply added to the annual deficit and the public debt. The deal just moves us closer to government default on the public debt and the mob rule that will soon follow.
We (the media, the politicians and the people) must wake up.
BILL D. BURLISON, Wardell, Mo.
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