http://www.nytimes.com/2012/02/18/us/politics/congress-acts-to-extend-payroll-tax-cut-and-aid-to-jobless.html?ref=us
This is a new article talking about congress's decision to extend the payroll tax cuts that were so highly debated recently, and seems like it could become central to the presidential race. There is no doubt that by extending these tax cuts it promises to help out many citizens ( 160 million according to the article). But what I find interesting is that we are continuing to attempt to cut taxes, yet everyone still expects that the government to not only save the economy (and bail out businesses) but also to deal with its national debt. Do you think the government is prioritizing the US citizens through passing this bill as it should, or are they shying away from other issues? How do we deal with the public conception that the government should be able to save everything? And what kind of impact will this have upon the presidential race?
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ReplyDeleteI think that this could be brought back to the idea we talked about after reading the Okun book. What may be efficient isn't always equal. Everyone wants the government to both bring us out of debt and also lower our taxes, but could we ever really have both? You cant have your cake and eat it too as Okun put it.
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