occupied
Diamond Member
- Nov 8, 2011
- 36,705
- 17,202
- 1,590
So what's your proposal for when the taxes are too high, and spending continues to soar? I'd say whatever it is, it's better to implement it sooner rather than later. Raising taxes on the rich, even if it were desirable, is only a temporary measure. Or do you disagree that you can only raise taxes so much?
Well certainly but the deficit is never going to get paid down with taxes where they are, it is impossible. It sometimes seems, given their history, that when republicans gripe about our grandchildren paying our debts they are really laying out their fiscal plan, they have no claim to ever having been responsible with our nation's credit card and only seem to bitch about the debt when they do not have control. If we as a nation make deficit reduction a real priority then tax hikes cannot be ruled out, they are as necessary as spending cuts and I cannot believe republicans are serious about deficit reduction as long as they refuse to put them on the table.
So what do we cut when the time comes?
We tolerate no sacred cows and never for minute entertain the notion that cuts alone are the answer, we still have to pay for thirty years of tax cuts that never really stimulated the economy as advertised. Watch as congress shows how they really feel about deficit reduction vs. their pet projects in the next couple of months as they fight against the biggest deficit reduction plan in history popularly demonized by deficit hawk republicans as the "fiscal cliff".