Quote:
Originally Posted by valo403
You didn't answer the question. You said Obama blames congress for not allowing him to increase taxes on the rich, well who the else would he blame since that's who is preventing it from happening. Whether or not you agree with that tax policy is a completely different issue.
|
Not sure if a tax that would only generate $50 billion per year is a solution to anything.
The tax system needs a complete overhaul. And spending needs to be cut back.
But when you run a $100 billion dollar monthly deficit, you can't possibly expect to raise taxes fast enough to combat it, ESPECIALLY in the middle of a recession.