WASHINGTON (CNN) -- Former President Clinton believes the Democrats should pounce on and exploit President Bush's refusal to hike taxes to finance Hurricane Katrina relief efforts and the wars in Iraq and Afghanistan.
"They should continue to oppose it, and they should make it an issue in the 2006 election, and they should make it an issue in the 2008 election," said Clinton, interviewed on Sunday by George Stephanopoulos on ABC's "This Week."
"I think it's very important that Americans understand... tax cuts are always popular, but about half of these tax cuts since 2001 have gone to people in my income group, the top 1 percent. I've gotten four tax cuts. They're responsible for this big structural deficit, and they're not going away, the deficits aren't."
Clinton said America's deficit has forced the United States to borrow "money from other countries to finance Iraq, Afghanistan, Katrina, and our tax cuts."
"We have never done this before. Never in the history of our republic have we ever financed a conflict, military conflict, by borrowing money from somewhere else." [Read more - CNN]
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Posted by: The West Coast Midnight Run | September 20, 2005 at 05:31 AM
in regards to clinton's comment about the us " never having to borrow money from foreign countries to finace a war!!!!!!!!!! if he wouldn't have spent so much time in russia protesting against our troops during "nam",trying to by alcohol on sunday's from a friend of mine's store,( he's the idot who signed the no-alk bill into law!!!!!!!!),smuggling in loads of "coke" thru mena , arkansas....and finally figuring out how to lie to a grand jury( i didn't have sex with that girl!).........then he surely would have had time to be a real american history buff and not try to overload his mouth again!!!!!!! the revolutionary war was financed by the french. that's france.they are a foreign country. we don't need to raise taxes to finance war, katrina and etc.....we need to cut the fat out of the pork barrels filled by the men and women in the halls of congress. they forgot that during 1776 , our country borrowed money to finance the war. difference was that the continental army didn't even have shoes and ammo....yet they won the war that allows an ignorant, lying, could've had ben laden , "wonder-how-he-got-to-be-prez" the "free-speech" opp to say foolish things he knows little about!!!
thanks, mr. constitutional history buff!!!!!!!
Posted by: pm gehbauer | September 20, 2005 at 11:40 PM