Study: The effect that making tax cuts for wealthy permanent will have on debt

The Republicans have been talking a lot about how Social Security is going bankrupt, and therefore it needs to be privatized.  But in a study from The Center on Budget and Policy Priorities, the current proposal by the GOP to make tax cuts permanent will have three times as much strain on the national debt than Social Security.  Look at this chart from CBPP:

The report from The Center for Budget and Policy Priorities adds:

"Anyone concernedabout Social Security’s long-term impact on the federal budget ought tobe even more concerned about the long-term fiscal impact of extendingthe 2001 and 2003 tax cuts.  If made permanent, the tax cuts will costnearly three times as much, over the next 75 years, as the 75-yeardeficit in Social Security (see Figure 1).  Any attempt to address thelooming fiscal challenges should include Social Security, Medicare (andthe U.S. health care system as a whole), and overall government revenues...Private accountsfinanced by borrowing would aggravate the problem, as they would drainresources from Social Security and increase its deficits for at leastseveral decades."

An article today in the Houston Chronicle said that GOP leaders in both chambers of Congress are a near a deal. 

If you're strongly against making these tax cuts permanent -- which will add to the debt and increase the gap between the wealthy and the middle class -- then e-mail your Representative and Senators and tell them to block the measure.