We're looking at an annual deficit of 1.5 or 1.6 trillion dollars. Obama wants to raise taxes on the rich to about 1 trillion over the next 10 years, which is about 100 billion per year. I doubt you'd actually get that much, but say you did, doesn't that leave 1.4 - 1.5 trillion left in deficits? Where are you going to get that money? What spending are you going to cut? I haven't seen anything definite from the pres or from the dems in Congress for what they'll cut, why is that? Shouldn't the American people see a plan from both sides? You realize that if you suck a trillion dollars out of the economy over the next 10 years that there is an economic cost, right? Investments made by Americans will be reduced, as will foreign investments that we won't get the tax benefits from. Money flows to where it gets the most return, and there are plenty of emerging markets to invest in. Seems to me the democrats want a bigger piece of the same size pie rather than getting the same size piece of out a bigger pie. What's the difference? A bigger pie means more jobs, that's why. It also means less money going out in UE benefits and other gov't programs. So tell me, if raising taxes is a good thing, why is every other country LOWERING taxes and cutting spending? ALL OF THEM, nobody is raising taxes. 15 years ago Canada was where we are now, relatively speaking. You know how they turned things around? They lowered taxes and cut spending. So why in God's name is Obama and the Dems trying to do the opposite?