Dick Morris is a partisan hack. It would be like quoting Rosie O'Donnell to support Obama.
I don't care what he says since the treasury says the actual deficit for FY2008 was really $1 trillion, not $485B as Morris falsely claims; and the CBO says TARP outlays for FY2009 were $152B, not $700B as Morris falsely claims.
Also, 100$/year x 153mill x .2 = ~3billion. Chump change compared to the federal budget or debt. In order to make a dent in either, you'd have to take half of the cumulated "wealth" of the working poor which = ~700billion. Or you can get the same number by taxing the rich an additional 3%.
Last edited by xpiher; 08-29-11 at 01:56 PM.
Hayek - too liberal for republicans