I like tax cuts. I really do. It feels like in general, we can spend our money better than the government. That said, this latest “bipartisan” deal to extend the Bush tax rates and unemployment makes me wonder what was actually compromised? Both parties got what they wanted. Nobody took a hair cut… nobody. Well that’s not completely true. The deficit took one on the chin to the tune of $850 billion. Why couldn’t we pay for this $850 billion in some way? Even a plan that would have payed for it over 5, 10 or even 15 years would show that our government is serious about the debt. Instead, we have more of the same… spend and cut taxes with borrowed money.
Is anyone else concerned?