Con_Alma;839984 wrote:Without a constitutional amendment requiring a balanced budget this will happen again and again.
And, of course, why do Dems want to raise the debt ceiling enough to ensure it won't happen again until 2013? So they can play the same game to cram down more taxes on the rich.
Besides the fact that I think there is a fairly wide range of taxes that will more or less yield the same revenue (back to the whole % of GDP being consistent despite huge variances in taxes), I find it comical and somewhat offensive that the non-rich of this country are so passionate and divided over how much to tax the rich. How many people out there making 30k, 50k...even 100k... are saying "please tax me more...and please reduce my entitlements". I hear crickets.
I mean, half the people in this country don't pay any f***ing taxes so of course their solution for everything is to raise taxes. Maybe it really is time for a consumption tax (for EVERY ONE on EVERY THING). Then when the govt needs more money, we raise that consumption tax and then we'll see how many people support higher taxes over spending cuts.