Posted on 09/19/2005 2:16:47 PM PDT by Crackingham
Former President Clinton believes the Democrats should pounce on and exploit President Bush's refusal to hike taxes to finance Hurricane Katrina relief efforts and the wars in Iraq and Afghanistan.
"They should continue to oppose it, and they should make it an issue in the 2006 election, and they should make it an issue in the 2008 election," said Clinton, interviewed on Sunday on ABC's "This Week."
"I think it's very important that Americans understand... tax cuts are always popular, but about half of these tax cuts since 2001 have gone to people in my income group, the top 1 percent. I've gotten four tax cuts. They're responsible for this big structural deficit, and they're not going away, the deficits aren't."
Clinton said America's deficit has forced the United States to borrow "money from other countries to finance Iraq, Afghanistan, Katrina, and our tax cuts."
"We have never done this before. Never in the history of our republic have we ever financed a conflict, military conflict, by borrowing money from somewhere else."
The former president, who is involved in a Katrina relief fund-raising effort with former President Bush, elaborated on the issue of tax cuts, saying leaders should hope "for the sake of our country that the cows don't come home before we have time to rectify" the problem.
"I mean, sooner or later, just think what would happen if the Chinese -- we're pressing the Chinese now, a country not nearly as rich as America per capita, to keep loaning us money with low interest to cover my tax cut, Iran -- I mean Iraq, Afghanistan, and Katrina. And at the same time to raise the value of their currency so their imports into our country will become more expensive, and our exports to them will become less expensive."
(Excerpt) Read more at cnn.com ...
The last time I looked Clinton was not President. He must be off his meds.
Hey, Bill, You arent President any more!!
The table is now set to cut spending in other areas.
Let the voters decide in 2006 and 2008 whether they prefer tax increases or spending cuts. The voters will take spending cuts, big time.
Nobody forced you and your "wife" to take em. Send em back you Librocrite!! Also, why does the military hate your guts if the war is so bad??
Pray for W and Our Freedom Fighters
He's so confused!!
Please democrats, I urge you to listen to Bill Clinton, and run your campaigns on raising taxes. The government simply isn't taking away enough money from the hard working American people.
The steamin pile of BLEEP has no respect for the institution of the Presidency and everybody knows it once again. The Monica/Cigar/BLEEPjob thing was only the beginning of the disrespect from some BLEEPer that should NEVER have been elected to serve in such an honorable position!!!
He still has contempt for the Office of President!!!
Only those taxes that enhance revenue should be raised. The ones that interfere with revenue, such as our current top income tax rate, should be lowered. Fortunately, if Bush gets serious about budget cuts (when ice hockey is played in hell, maybe), we won't need to worry about raising taxes. Maybe.
Well if we cut taxes, we stimulate the economy and get more tax revenue. If we raise taxes we depress the economy and end up with less actual tax revenue.
I fully agree. I honestly think the democrats should run on tax increases. They should be honest and say that they want to raise taxes.
Bill should donate all the bag money he and Hitlery took in the last few weeks they we in the White House.
I agree completely, Bill. And Hillary should make it a centerpiece of her campaign.
A good question for Clinton would be: Is there ever a time or reason not to raise taxes?
I have to mention that I saw a poll about this in a Connecticut newspaper's web site, and so far, 80 percent of respondents did NOT want to raise taxes. I couldn't believe my eyes, this result coming out of this blue state. HAhahaha!
That's the little reminder the GOP should be hitting voters with hard in '06 and '08.
LOL
Muh SW post xlation module just melted.
bleepin' cool, man.;-)
Well if it bothers you so much Bill, give the freaking money back.
You make a very good point which could be easily reviewed by examining Big Bill's tax returns to see how much he gives back to the community.
And my rule of thumb with advice from democrats is to ALWAYS do the opposite, especially when Clinton is doing the talking.
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