The Bush Tax Cuts For The Top 5% And The National Debt

This is link to a site the provides the running cost of the Bush tax cuts that have gone to the top 5% since 2001. Since the national debt is the difference between government revenues and spending, the national debt was increased by over $1 trillion that went to the top 5% by last Friday. Over 70% of that went to the top 1%. Although it is not shown, most of the benefit within the 1% went to the top .01%. Republicans who claim to be concerned about the national debt, have fought hard to prevent these tax cuts from expiring. The tax cuts were made temporary in the bill when it was passed because of their impact on the national debt. It was sold as a Keynesian stimulus for an economy in recession by the GOP which argues today that Keynesian economics is defunct.