Reply #5: If only the solution were as SIMPLE as that... [View All]

[Long Shadow]

I have no problem with ending the Bush (now Obama) era tax cuts. However, the amount collected would take care of about one days expenditures by the US government. On the other hand, if unemployment could be cut to 7%, it would lower the deficit by about $600 billion. A drop in the need for unemployment assistance, food stamps, etc. would cut it another $150 billion. That's about half of last year's deficit taken care of without making a single cut to any program.

Clearly, fixing the economy makes more sense than waging class warfare.

http://money.cnn.com/2010/08/18/pf/taxes/bush_tax_cuts_rich/index.htm