Can someone tell me how we are going to balance the budget without spending cuts?
The tax increase on 2% is just symbolic and looks good for Obama but will not balance the budget without massive spending cuts. Also, it seems to me Obama is focusing on the wrong subject. It is much easier to balance the budget if the 98% contribute a little more than the 2% contributing a lot more.
The Bush tax cuts were supposed to be temporary, and even then they were called irresponsible by Alan Greenspan. They did not get the economy back to Clinton era prosperity. You are right, we can not get whole by rolling the Bush tax cuts back for a small % of the population. We need to roll them back for everyone.
The only way they passed was to swear up and down they were temporary.