Headline Rewrite: Spending Cuts and Tax Breaks for the Rich Could Prompt Recession Next Year

I like how the headline on the article linked below cites only “tax increases” as the problem with next year’s budget.  While there are some issues with taxes that will affect the middle class, the real issue are staring us right in the face in the text of the article:  spending cuts and tax breaks for the wealthy. If we let the Bush tax breaks for the wealthy expire, we would have $221 billion dollars to put toward other things.  $221 billion dollars, folks.  You could take half of it and put it toward economic stimulus and jobs, and put the other half toward the national debt, and that would go a long way to working on our problems and preventing another recession. So ignore the right-wing propaganda headline, and click on to read about the real problems:  Looming Tax Increases Could Prompt Recession Next Year: Accounting Today.

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