James365 Wrote:
Jan 15, 2013 10:04 PM
Great analogy. Neither the payroll tax holiday OR the Bush tax cuts were meant to be permanent. Congress continued to spend that money even though it didn't collect it from the taxpayers for more than a decade which created our 17 trillion dollar debt. Will they cut spending? I doubt they will cut much because the short-term memory deficient taxpayers of both political tribes all want something for nothing. Knowing this, and in light of our record debt, Congress made the Bush tax cuts permanent this year!