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Politics : Formerly About Advanced Micro Devices
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To: bentway who wrote (747249)10/17/2013 1:23:28 AM
From: TimF1 Recommendation

Recommended By
i-node

   of 1583878
 
The tax increase on the wealthy already happened. Even before it happened the wealth were paying an increasing portion of the tax burden. There isn't enough additional revenue you can get from the wealthy to make a big difference in the fiscal situation.

As for "and spending cuts" we keep get new expensive programs (like Obamacare, and yes like Part D before it), rather than a cut in government. A slight reduction in some programs for cyclical reasons as the economy leaves a recession isn't really a budget cut, and besides that we haven't had budget cuts. The sequester only affects a small portion of the government, the bulk of it has now restraint at all, no need to be authorized by congress each year.
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