We need to allow ALL tax cuts to expire, borrowing at record again last month
Since we borrowed at the rate of $2T/year last month we need to face reality. The government either needs to collect more of what it is spending, or if the increase in rates stalls the economy further we need to face reality with austerity.
Like a company in bankruptcy we need to reorganize.
There is no recovery, never has been under Obama. When a business spends $4 (heading to $5) to make $1 it is not growing. As long as we can print money and have people accept the script we will delay pain, not avoid it.
Time to go over the cliff and see what happens, get everyone paying a share again not just the rich who already pay 4 times the rate on average.
"There is no recovery, never has been under Obama."
The red door to hawcreek12 Hell is open. The newest topic on the "What is Obama Doing Wrong, Today" Show has started.
If romney had been elected full credit would have been given to him for the whole Obama recovery, GWB would be marched out as well. GWB was the cause of the debt, and we are trying to undo what he did. It's like you give a nice car to a neighbor to use and he returns it needing everything repaired, and he got your checkbook and spent all your money too.
Obama is doing a great job, balanced man, balanced thinking. He's a great President. That's why we elected him, the majority of the people want him, and like the job he does.
Maybe Republicans should put together a bill with their desired spending reductions (end Obama-care, limit food stamps, restrict financial payments to citizens only-not illegal visitors, and so forth) with a modest tax increase onall income earners (Including those now excused from any tax liability) and send it to Obama... He can then decide to do what the Republicans wish, or hold the country hostage for his 'community organizer" demand of higher taxes only...
#$%$..A leftist govt especially thrives on increased revenue to pursue their socialist policies. They will NEVER collect enough revenue. It is all on the spending side. Understand that taxes are REGRESSIVE. Cut taxes, expand the tax base.