Fiscal conservatives? hardly!
Get this..
According to the Treasury Department, from 1776-2000, the first 224 years of U.S. history, 42 U.S. presidents borrowed a combined $1.01 trillion from foreign governments and financial institutions, but in the past four years alone, the Bush administration borrowed $1.05 trillion.
According to the Treasury Department, from 1776-2000, the first 224 years of U.S. history, 42 U.S. presidents borrowed a combined $1.01 trillion from foreign governments and financial institutions, but in the past four years alone, the Bush administration borrowed $1.05 trillion.
1.) You want to get people pissed? Talk about how the AMT demarcation is reduced from $58,000 to $45,000. This means if you have more than $45k taxable income, you are subject to the harsher AMT tax. Get ready for SCREAMING, especially in states where the cost of living is high. I'm already screaming about it. Its estimated that more than 73% of americans with families will be affected.
2.) You want more pissyness? How about the proposed rules that remove interest deductions on home mortgages? Homeowners will RIOT, but more importantly, many people who bought homes counting on the deduction will find their home values dropping and end up in bad financial situations. Fortunetly this isn't law yet, just a proposal, but its psycho.
Both of the above are due, of course, to how we need to PAY for this stupid war in Iraq somehow. Conservatives not being tax-and-spend? HAH.
Now here's the kicker.
Despite President Bush's historically low ratings on just about every aspect of his presidency, The opposition Democrats are EVEN LOWER at 33% approval and have crappy leadership to boot!
The mind boggles at how fucking SCREWED this idiotic country is right now.
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