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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: quehubo who wrote (149497)	11/10/2010 8:02:59 PM
From: Dale Baker	Read Replies (1) \| Respond to of 541972

I just think it wont make a tremendous difference. It will be $70 billion per year for ten years, that's a decent chunk of the forecast deficit. Obviously, a tax hike for everyone would cover much more of the deficit; along with a strong set of bipartisan spending cuts like the Cameron government is doing in Britain, it could actually work. But we can all spell out the reasons why taxes won't be raised and spending won't be cut much in the US until we have an actual international debt crisis of our own. Everything important ends up off limits for one side or the other.