If this is accurate, it is scary stuff... [ame="http://www.youtube.com/watch?v=VtVbUmcQSuk"]http://www.youtube.com/watch?v=VtVbUmcQSuk[/ame]
If you are really concerned about the debt and deficits as you pretend to be, write your Republican representatives and tell them to compromise on a tax increase to get a deficit cutting deal done.
It costs a lot to build a socialist utopia. It would cost less if us Conservative dinosaurs would just up and die already.
Raising marginal rates will not raise revenues. That is a myth. Close loopholes, including sops to the middle class like the mortgage deductions like Republicans have offered. We have over incentivized home ownership in this nation. Time for some of the 47% to pony up.
A tax increase doesn't off set future entitlement spending. That's a fact that nobody in either party is truthful about. As Democrats wouldn't cut entitlements and won't tell working people they'll have to pay another 4% in FICA taxes just to cover the next 10 years with rates going higher after that. Republicans won't cut Defense either..
I might actually consider it momentarily, if I knew that REAL spending cuts would occur, and our elected officials would actually respect our hard-earned tax dollars and spend them wisely.
There's no good reason to believe that the deficit would be reduced by raising taxes. Giving politicians even more money to spend doesn't mean that they will borrow less. Both parties are addicted to spending.
