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Old 04-16-2011, 06:34 PM   #11
Fair&Balanced
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Join Date: Feb 2011
Posts: 495
Quote:
Originally Posted by classicman View Post
It wasn't meant as a detailed analysis of anything. It does show how 40% of our income is borrowed for nothing other than to cover the deficit. THAT cannot continue.
I agree.

The issue is how we address it.

Either through spending cuts only or a combination of spending cuts and revenue (tax) increases.

IMO, the spending cuts only approach proposed by the Republicans disproportionately impact the middle class and working poor. A fairer approach would be a combination of spending cuts and revenue increases that spread the impact across every income bracket.

And the argument that tax increases on the top 1% and/or corporations will kill jobs and hurt the recovery cannot be supported by facts. There is no evidence that trickle down economics works.
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