Obama announces compromise on extending tax cuts

[Stjudeprayforus]

The Congressional Budget Office (CBO) estimates that the compromise between the Republicans and the White House would cost the country **$858 billion **over ten years – substantially more than the $787 billion stimulus in 2009. This cost comes as a result of extending the Bush tax breaks for those earning more than $250,000 a year, exempting estates up to $5 million ($10 million for couples) from estate tax, and cutting estate taxes from 45% to 35%.

blogs.wsj.com/washwire/2010/12/10/the-number-858-billion/

Would anyone care to explain how the Republicans can criticize the Obama administration for the increase in the federal deficit resulting from a stimulus package that sought to keep the world-wide economy from plunging into another Great Depression while they seek an even larger package of tax breaks for the wealthiest Americans? The blatant hypocracy of the Republicans is pretty stunning. And to hold the unemployed hostage in order to get this Christmas present for the rich is even more incredible. Ho ho ho, suckas!

Ridiculous.

If I make 75k on my job, but I rack up 200k on my credit cards… do I have an income problem or a spending problem?

Do I blame my employer for not paying me enough? Or do I make cuts in my budget?

If I demand a 100k year increase in pay so I can keep spending like a teenager, and my employer tells me no way… has my income gone down?
Or do I make enough… I just still have a spending problem?

Is my employer to blame or me for being an irresponsible dolt?

That is how the CBO works. If the congress has been spending money like they are getting a raise and that raise doesn’t happen… they call it a deficit.
Its all DC BS.