Originally Posted by Cito Pelon
So why are you constantly complaining Dems don't "get it"?
Saying the deficit needs to be closed, and doing it are two different things.
Obama's only plan is to raise tax rates about 5% on "rich" people, and let the rate cut to SS expire. That would only generate $82B + whatever is generated from the SS rate increase. When in reality, letting the "fiscal cliff" happen is the only way to start getting revenues high enough to pay for his level of spending. That's his dirty littly secret, that most Americans don't understand.
So why don't we all just shut up, and pay the same tax rates we did during the Clinton years? Well it's not that simple. For starters, wages have dropped, and prices have drastically increased. Second, even with a major tax increase...we'd still be running a $700B-$800B deficit, and would be squarely in another recession.
The problem is, the U.S. economy isn't growing, and hasn't been growing since 2000. We are in the decline. Outsourcing is destroying American jobs, and has been since the dot com bust. The only way to fix it, is to fundamentally change the attitude of American business going forward. We will never get those jobs back. Unfortunately, none of this is being talked about in the Mexican Standoff going on Capitol Hill.