Don't get me wrong. I'm not advocating for one specific solution over another. I was responding to another poster's point. However, as long as spending remains constant (i.e. is not increased), the two statements cannot both be true. It cannot be the case that the wealthy contribute the most revenue at a given tax rate, and also be true that raising their rates would have no effect on the deficit.Originally Posted by KevinKohler
That said, it seems the issue about spending vs. lowering taxes is more complex than you suggest. Both contributed to the deficit.
It could be this little ditty from Howard was telling us what Obama is thinking. He's an insider and maybe knows more than us. Could it be that he is telling us that the Obama admin. will not deal with the fiscal cliff and in turn all of us will be taxed more, not just the rich???
If it sounds like Marx and acts like Stalin...it must be Obama