Clinton: Bush should raise taxes to pay for recovery

CNN ^ | 9/19/05

[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."

[cajun-jack]

you missed the point...It IS all about ME!!!!!!!!! I'm rich and I want you peons to know how rich I am!!!!

It really is all about me!!! don't you see??

It took jimmuh katah to keep him from being the worse prez ever.

[Americanexpat]

Yeah, the Dems would just love for Bush to raise taxes, and then they could use it against him (Republicans) like they did his old man.

[AReaganGirl]

I wish someone would march right up to that baboon's face and tell him to shut up. I was hoping that his heart operation would help him see the light but nothing has helped.

[Anti-MSM]

Maybe we should have a special tax for the Hollywood, limousine liberals since they're always whining about the tax cuts. It's for the children!

[RasterMaster]

"I'm rich and I want you peons to know how rich I am!"

Like the Rush parody: I'm RICHER THAN YOU ARE!

[HHKrepublican]

Bush: I wasnt aware Mr Clinton was still President.

[RetiredArmy]

Bubba needs some of that "Shout" to get the stains out!

[mountainlyons]

What is the multiplier now days? When I took economics each dollar got spent an average of 10 times a year. That means that if you tax 10 billion dollars to fix Katrina that you will collapse the economy 100 billion dollars. No wonder the economy suffers so much when the demorats are in office.

[Cinnamon]

tax yourself billy... and if those 4 tax cuts hurt so much... return the money oh yeah, make it retroactive on yourself too

[gathersnomoss]

STFUP, CNN and BJ.

[ex-snook]

Bush is raising taxes. He is raising them for future generations. Bush never cut taxes. He deferred them to future Presidents. The only way you can cut taxes is to cut government. And that ain't happening.

[Reactionary]

"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."

I guess the coke and bimbos have finally taken their toll. Even the most fanatical, idiot liberal understanding that coming out in favor of higher taxes isn't a political winner.

[prophetic]

C'mon already!!

I want my "Bill Clinton" toilet paper already!!

[conservativecorner]

Imbecile Clinton Alert BUMP!!

[sgtbono2002]

Is Bubba saying Hillary will run in New York by promising to raise taxes.

Everyone has to pay for the common good?

[proud_yank]

Wasn't he getting huge campaign donations from the Chinese? And wasn't he also using AF1 (read: taxpayer dollars) to travel to China to accept these donations?

Hypocrite

[The Great RJ]

Bush should simply veto the pork ladden transportation bill and a host of other pork barrel projects.

[NonLinear]

cut spending
carve away the pork
cut spending
*sigh*

[Arpege92]

Good rule of thumb. We should take this a step further and demand that every liberal in Hollywood give back all the money they've managed to get due to tax cuts. Every time they make a movie and are paid MILLIONS of dollars, half of that should go to Uncle Sam so that he can pay for all the little social programs that they so dearly support. That ought to shut them up huh?

[Bommer]

Former President Clinton believes the Democrats should 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."

Yes I agree with Clinton. Democraps should make it an issue to raise taxes! This will help them get control of the Senate and the House and the White House! Higher taxes are the way to get power back! They are the way to make people vote for you everytime! Man that Clinton is a JeanAss! Wonder if his wife is just as smart?