Tax Cuts

Mr. Obama, while expressing willingness to compromise, also issued a warning to some Republican critics who have said they will press for major changes to the stimulus bill, including the removal of many spending programs in favor of wider tax cuts.

“I’ve heard criticisms of this plan that echo the very same failed theories that helped lead us into this crisis, the notion that tax cuts alone will solve all our problems, that we can ignore the fundamental challenges like energy independence and the high cost of health care and still expect our economy and our country to thrive,” he said.

“I reject that theory,” Mr. Obama continued, “and so did the American people when they went to the polls in November and voted resoundingly for change. So I urge members of Congress to act without delay.”

What don't the Republicans understand, if they keep offering tax cuts with out reducing spending, the federal debt is just going to continue to grow. The Republican have offered tax cuts or the past 20 plus years and look where we are today. I'm not one for huge government spending, but FDR massive New Deal followed by WWII offered America a long stretch of prosperity from the mid 40's through out 70's. During the 80's and 90's we lived off the federal debt. Maybe it's time again for a huge investment in human capital and our infrastructure. Investments now provide future returns and hopefully pay down some of the federal debt. Who know, it might and it might not, but it's worth a try, give the failures of the past couple of years.