The Senate says "Lets make a bad thing worse!"
The bailout is the lessor of evils over not bailing out. However, there's nothing Congress can do if not make things worse. The Senate has announced they're adding tax breaks to the bailout plan.
That's right. Years of tax breaks have put the country into the largest deficit position in history. Deregulation means the taxpayer needs to spend money saving the market, adding to the debt the government is incurring.
Gosh, what's the best way to minimize that risk? Why lower the tax rates so that there's less money to come in for covering the risk and the shortfall, of course! After all, they'll make their money and leave it to the next generation to have to pay for their greed and ignorance.
That's right. Years of tax breaks have put the country into the largest deficit position in history. Deregulation means the taxpayer needs to spend money saving the market, adding to the debt the government is incurring.
Gosh, what's the best way to minimize that risk? Why lower the tax rates so that there's less money to come in for covering the risk and the shortfall, of course! After all, they'll make their money and leave it to the next generation to have to pay for their greed and ignorance.