re: #128 TNChuckster

The U.S. has three options. Cut spending, raise taxes, or go bankrupt. If we raise taxes it will have to come from the middle class. The rich can’t cover the governments spending, even if they take all of it. The poor don’t have any money to tax either.
For a politician to say “We’re going to raise everyone’s taxes” is death (just ask Walter Mondale) , hence Bachmann’s “spread the base” and the president’s “spending reductions in the tax code” doublespeak.
The Tea Party has been completely demonized at this site, discussion about cutting spending is beyond me. In my opinion though, a school spending over $10K per student and the student is not receiving and education, seems like continuing to spend money repairing an old Fiat. There has to be a cheaper way to find transportation to work.
Go bankrupt? I have no idea what effect that would have on the individuals of this country, but it can’t be good.
I think we’re all boned, no matter who is going to be running the place in a couple of years.

The rich have some of the historically lowest tax rates on them that they’ve ever had in the history of the US.

Why the f*** can’t we raise taxes on them?