What Is Wrong With This Picture?

Some ten years ago when the government of the USA had a balanced budget President Bush and Congress gave the American people a tax cut. The tax break was substantial and gave benefits to all taxpayers. These tax cuts were continued until December 31,2010. President Obama promised to remove these tax breaks for the wealthy but continue them for the middle class.

However the Republican"s wanted to continue the tax breaks for all. This would cost many dollars and dollars that are not in the budget. It would mean that the lowering of taxes would have to be paid from borrowed money. This would raise the deficit in a time when all politicians stated that debt control and jobs were critical to the healthy economic future of the country.

It is beyond my ability to understand the sense of this decision which has to get approval from the house to become law. The extension is for two more years and has earmarks on the legislation . One earmark would extend the unemployment benefits for 13 more months. The economics of this lowering of taxes has me worried. Help...What is wrong with this picture?