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To: CalculatedRisk who wrote (64749)	10/23/2006 7:23:08 PM
From: Oblivious	Respond to of 306849

Taxes have been raised since Ronald Reagan was president. Taxes have been lowered since Jimmy Carter was president. What is your point or argument.

To: CalculatedRisk who wrote (64749)	10/23/2006 8:11:46 PM
From: SouthFloridaGuy	Respond to of 306849

The budget deficit isn't a big deal as a % of GDP and given low rate environment. Of course, spending does need to come in line but the Democrats are just as complicit in the spending spree, further proving that Congress persons are for the most part a bunch of useless ho's. Ultimately, it's the unfunded liabilities that we neeed to worry about though. Tax-wise, receipts have risen significantly and the tax cuts were a good reason why the recession was shallow between 2001-2003. Can you imagine what would have happened if Bush enacted a version of his father's tax hikes? If the Democrats want to raise taxes, you can bet the rich will go offshore...even moreso...because the reward will be worth the risk. Right now its a tossup, if you make say $300k, there are still a decent number of domestic tax shelters to mitigate the pain. Of course the ultra-rich will always have their mysterious ways, but c'est la vie.