Short-term benefit to the wealthy pumps up the Deficit Balloon

Tax cuts sound great until the big, bad, deficit is seen with a probing eye...

Brattleboro Reformer - Editorials: Taxes cut, deficit raised: "The huge federal deficit, created in large part by previous tax cuts, poses several economic and policy problems, including the danger of leaving the government ill-prepared to cover rising Social Security and Medicare costs as the population ages.

Even though the extended tax cuts were trumpeted as benefiting the middle class, an Urban Institute-Brookings Institution Tax Policy Center analysis showed they are skewed to the top 20 percent of taxpayers. "