- Joined
- Jun 23, 2009
- Messages
- 133,631
- Reaction score
- 30,937
- Location
- Bagdad, La.
- Gender
- Male
- Political Leaning
- Very Conservative
The bankers just pointed out what we knew already: one of our political parties -- the one that starts with an R -- is completely fixated on thumbing its nose at the President and could not care less if it harms the country in the process.
No one is suggesting that we raise taxes to "crushing levels". That is a straw man argument. The blindingly obvious solution to our problem is to add short-term stimulus and do significant cutting and modest tax increases in the mid/long term. Eliminating the Bush tax cuts, i.e., going back the Clinton rates that allowed the economy to flourish, would stop the growth of the debt in and of itself.
Nobody is suggesting that we do it, this time. But, once Obama gets one tax hike, he'll be wanting another, then another, then another.