re: #191 TNChuckster

The meme I think is a reponse to the president speaking as if only raising taxes on the rich would be the solution to reducing the deficit. The point the meme makes is that even if the government put a %100 percent tax on everyone making over #250K, that would still not balance the budget.

I have never heard Obama say that only raising taxes on the rich would be the solution. I’ve heard you say that only raising them on the middle class would be a solution. So, aren’t you the one being oddly absolutist?

Spending needs to be cut, certainly. The best way to do that is by reducing costs. I’m all for that. I’m not for blindly slashing items off the budget without asking if they will actually lead to higher costs, which is what starting from a ‘cut spending’ position often leads to.

That raising taxes on the upper income earners— and on capital gains— wouldn’t completely fund the current level of spending does not mean it is not still a good idea. If nothing else, it does reduce the level of accumulated debt, which is on the road to a balanced budget.

No?