So, lately, John McCain and Sarah Palin have become fond of saying that “now isn’t the time to raise taxes on anyone.”
Okay, then answer this: when is the time?
Because when we had the best economy in American history, Republicans said we needed to cut taxes, particularly for the wealthy.
When our economy was struggling, they said we needed to cut taxes more, particularly for the wealthy.
And now that our economy is failing, they’re saying we need to cut taxes even more—again, for the wealthy.
Let’s be serious about this, guys. Our national debt is skyrocketing. We just passed a $700 billion economic rescue plan. We have 47 million uninsured Americans. Our military is at the breaking point. Our infrastructure is in disrepair. We have a dangerous dependence on foreign oil. Fixing all of these problems isn’t going to be cheap.
So when do we make the big corporations and the wealthiest Americans pay their fair share, for once? Our debt isn’t going to pay itself—either you pay for it out of the pockets of hard-working middle-class Americans or you pay for it out of the pockets of the wealthy, who can afford it.
And you can’t have it both ways—as the late Milton Friedman once said, to spend is to tax. All of that money is going to have to come from somewhere; I would much rather have that money come from America’s millionaires than from my meager paychecks.
(And sorry, guys, but eliminating $18 billion worth of earmarks out of a $3 trillion federal budget in the face of more than $10 trillion in national debt isn’t going to cut it).
I won’t hold my breath waiting for an answer.