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Jewish World Review Nov 2, 2010 / 25 Mar-Cheshvan, 5771 Priority One for Republicans By Cal Thomas
http://www.JewishWorldReview.com | For newly empowered congressional Republicans, priority one must be an extension of the Bush tax cuts. There should be enough votes not only from a new Republican majority, but also from some of the decimated and dispirited (and even newly elected) Democrats. If President Obama is smart, he won't veto the bill. If the tax cuts are allowed to expire, everyone who gets a paycheck and has taxes withheld is going to see less money in the "net" column starting Bloomberg.com has published some calculations. It reports that, according to the Another example from President Obama has been telling us how much is enough for us to make. Instead, we should be telling him how much of our money we will allow government to take and spend. That is the theme emerging from the midterm election. To further personalize the cost of allowing the tax cuts to expire, visit a handy government cost calculator called www.mygovcost.org. Type in your level of education, age and current income and the calculator will reveal what future taxes are likely to cost (these are estimates as everyone's circumstances differ). You will also see how much your money could earn if you invested in the private sector instead of having it go to the federal government. The enormous interest figure should rebut arguments by Democrats who claim reforming
There are a number of other credible sources Republicans could use to stop and reverse runaway spending. The public is in the mood for repairing America's crumbling financial house. Democrats will have a more difficult time demagoguing spending cuts when they have been primarily (though not entirely) responsible for the ocean of red ink.
That Puritan ethic remains in the DNA of many Americans. It is now up to Republicans to get it out and remind us of what fiscal and personal responsibility can do to restore financial solvency. It may take a while and there will be some discomfort and even pain involved. But in the end, we will all be better off than we are now and much better off than we will be if we fail to reduce our unsustainable debt.
JWR contributor Cal Thomas is co-author with Bob Beckel, a liberal Democratic Party strategist, of "Common Ground: How to Stop the Partisan War That is Destroying America". Comment by clicking here.
© 2006, Tribune Media Services, Inc.
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