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Politics : The Obama - Clinton Disaster -- Ignore unavailable to you. Want to Upgrade?


To: DuckTapeSunroof who wrote (64)11/3/2008 2:54:51 PM
From: TimF1 Recommendation  Read Replies (1) | Respond to of 103300
 
Between a rock and a hard place, neither significant tax nor spending increases will be possible, regardless.

Neither will be desirable. And that fact will be true to a greater extent than it normally is, but both will be possible.

Combining the fact that the tax cuts under Bush will "expire", and the fact that Obama has campaigned based on increasing taxes for the wealthy, and the fact that the deficit will put upward pressure on taxes, I consider at least a tax increase as nearly certain.