If President Bush’s 2001/2003 tax cuts are made permanent here’s what will happen: 1) the Joint Committee on Taxation and Congressional Budget office estimates a direct cost of $3.6 trillion over the next 10 years. The interest payment on this ‘new’ debt would be $700 billion per year. 2) Once the tax cuts are fully in effect, their annual cost (not including debt service) will be eight times what the federal government spend last year on K-12 and vocational education and about 10 times what it spent on hospital and medical care for veterans. 3) In today’s terms, this amount also exceeds the combined 2007 budgets of the Departments of Education, Homeland Security, Housing and Urban Development, Veterans’ Affairs, State, Energy and the Environmental Protection Agency.

Somebody stop the madness…just say no! (http://www.cbpp.org/1-31-07tax.htm)