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Live Video: Obama on the Downgrade

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allegro8/08/2011 12:46:56 pm PDT

re: #265 RogueOne

cutting spending would be bad but raising taxes would be good? How about we find a nice middle ground. As I’ve already pointed out, we’ve increased spending by a trillion dollars/year in a short 3 years. I’m fairly certain we should be able to come up with a crappy $400 billion/year to cut.

re: #272 RogueOne

because we can’t raise taxes high enough to compensate for the spending increases. The numbers do not add up no matter how badly you want to increase tax rates. In order to balance the budget we would have to come up with an extra $1.7 trillion/year in taxes. Not gonna happen.

These numbers sure don’t add up. You are correct. What are you arguing? I’m lost.