Ok, we've been hearing alot about these recently and how they have affected the national debt, thereby figuring into the current debt-ceiling discussion. I knew that they were tax cuts (Duh ;-), but honestly I did't really pay too much attention to them. All I knew, was that my tax bill seemed a little lower. Because this current crisis is plastered all over the news, you keep hearing references to these and thier part in how we ended up trillions (FYI: This is a trillion $1,000,000,000,000 http://www.jimloy.com/math/billion.htm ) in debt. YIKES!!! Anyways, these are NOT THE ONLY causes of the USA's current troubles (You can also add the wars, and 'other' causes as well) but the do figure prominantly into this scenario.
Here are some different links that I have found. I realize that everything these days seems to be written with a "political slant" and you should realize that too when you read these:
Slate Article on 10th Anniversary of the TC's http://www.slate.com/id/2296578/
Detailed Wikipedia article on US Debt http://en.wikipedia.org/wiki/United_States_public_debt
A cool graphic.... http://www.washingtonpost.com/wp-srv/special/outlook/votes-that-pushed-us-into-the-red/
What the Brits say http://www.guardian.co.uk/news/datablog/2011/jul/15/us-debt-how-big-who-owns
Well thats enough to get started.....More later..
