As much as you guys talk about The Constitution, you'd think most of you read it. Yet you miss the most basic points.
"He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
Bring down the handful that are doing well........brilliant...........particularly if the tax increase is focused on the few that are actually doing well in the soft economy.
Only after they are first REMOVED from the economy...........Government doesnt have money........they only have what they steal.Expenditures go directly into the economy, and have a multiplying effect;
Which would be akin to saying tax increases only affect the economy as a hypothetical.........we could raise tax rates on everybody to 90% and it wouldnt hurt the economy one bit.......in your imagination.tax cuts only affect the economy as a hypothetical and generally have an impact coefficient of much less than 1.0
This is either abject ignorance or an outright lie.I sincerely wish I could be bipartisan on this and write a column saying that blame lies on both sides. But I can't. The debt itself is bipartisan, built up over many years, but only the Democrats are taking responsibility for paying it back. Today's Republican Party in the US is so extreme, so doctrinaire and so reckless it stands alone on this question.
The 2009 budget is somewhere in the 20s in percentages of GDP and revenues are rarely over 17% of GDP. That should tell everyone cuts have got to happen.
For Randel and Upsideguy, be specific exactly which "loopholes" you want to cut. Im curious as to what you think is bad or greedy tax code. I bet you can find more wasetful spending than you can bad tax code, but if you want to find the most tax loopholes, I suggest you start with GE's tax form, their chummy relationship with Obama seems to coincide with a huge drop in their tax expense. (Btw thats a hint that a lot of tax cuts are in the green industry sector)