Breathe, But Breathe Slowly

We're obviously in a very difficult economic circumstance (duh, huh?). And a very unique one, too. I say this, folks, in that, not only are we facing a devastating recession, we're also facing record high deficits and a crippling debt. There isn't, in other words, a whole hell of a lot of room for error here....................................................................................................Take the Bush tax-cut scenario; whether to extend them, who to extend them to, etc.. If we don't extend them, we could end up hurting the economy. If, on the other hand, we do extend them, the budget deficit mushrooms even more so. The Republicans want to extend them for everybody. The Democrats want to extend them for everybody making $250,000 and less. What in the hell do should we do?.....................................................................................................Here's what I say. I say that we extend them for another two years. But, instead of cutting it off at $250,00, I say that we up it to $300-500,000. I would do this for several reasons. 1) There are at least some small business owners that DO make over $250,000 (and, no, my friends, they aren't all hedge-fund brokers and people like that - a lot of them are doctors, lawyers, and dentists whose offices employ nurses, medical assistants, paralegals, secretaries, hygienists, etc.). And 2) these people very much DO spend money. It probably isn't the best idea to put a squelching on that activity now....................................................................................................So, what do you think, folks? I like this compromise because it continues to pump money into the economy but it also reduces the deficit by billions.....I don't know, maybe somebody like Jim Webb would agree with me.