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  •  You Need to Purge the Deficit Reduction Obsession (3+ / 0-)
    Recommended by:
    MrWebster, offgrid, Laconic Lib

    If  you take those revenues and pay down the debt, NOTHING WILL HAPPEN.

    However, if you take every dollar and reinvest it in infrastructure and jobs, you will get a sizable ROI through increased consumer demand and additional tax revenue.

    Fix the economy first, and the debt/deficit will resolve itself.

    •  The deficit is mostly a revenue problem (0+ / 0-)

      It is not a spending problem, and the way to get rid of it is with a healthy economy, which we don't have -- yet.  I have never been a proponent of deficit reduction at the expense of stimulating the economy.  But as I said above, raising taxes on the wealthiest Americans will not solve the problem.  Read my last paragraph again.  There needs to be a comprehensive policy with tax increases on the people who can afford it most being a part, but not the only part.

      I do not feel obligated to believe that the same God who has endowed us with sense, reason, and intellect has intended us to forgo their use -- Galileo Galilei

      by ccyd on Mon Nov 12, 2012 at 05:12:16 AM PST

      [ Parent ]

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