Quote:
Originally Posted by classicman
It wasn't meant as a detailed analysis of anything. It does show how 40% of our income is borrowed for nothing other than to cover the deficit. THAT cannot continue.
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I agree.
The issue is how we address it.
Either through spending cuts only or a combination of spending cuts and revenue (tax) increases.
IMO, the spending cuts only approach proposed by the Republicans disproportionately impact the middle class and working poor. A fairer approach would be a combination of spending cuts and revenue increases that spread the impact across every income bracket.
And the argument that tax increases on the top 1% and/or corporations will kill jobs and hurt the recovery cannot be supported by facts. There is no evidence that trickle down economics works.