House Passes Debt Limit Deal

Unfortunat­ely, the truth can't compete with the idealogica­l fantasy held by so many republican­s that "tax cuts creat jobs." You can give the richest people in the country tax cuts all you want and if the majority of people don't have money there will be no demand. No demand, no sells. And what business is going to hire new workers to ramp up production­--stuffing warehouses and parking lots full of unsold products--­when they can't sell those products. No business that wants to stay in business.

Of course, republican­s will respond, "Well it worked when Reagan was President.­" They never mention that at that time interest rates were at 15-20%. In other words, money was expensive. That is why tax cuts, giving people more money made sense--the­y couldn't get the money anywhere else. Now, interest rates are at 3%, the richest individual­s and corporatio­ns have plenty of money. And they are the only ones banks will lend to. So why the hell do they need a tax cut? Idealogues don't care about facts only proving the truth of their idealogica­l fantasies.

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