The deal that Obama made with the Repugnikans to extend the Bush administration's tax cuts is a really bad idea. What I find especially unfortunate about the debate over these tax cuts is, very few members of Congress are saying the obvious: why are we even talking about tax cuts when the Federal government is already running a deficit of $1.42 trillion? It seems that both Democrats and Repugnikans have institutionalized the idea of continuing to borrow money from China to keep the U.S. government afloat.
I also think it's an outrage that any elected politician, especially the incoming Speaker of the House, would talk about raising the age for eligibility for Social Security to 67 so that rich people can keep their tax cut.
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