Quote:
Originally Posted by whell
And does anyone really believe that the BEST path to deficit reduction is raising taxes? We're already in a recession, so lets take money out of the economy where it might actually be put to use, just so we can make government flush?
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I do *not* think higher taxes are the *best* way to address the deficit. They are part of the solution to the deficit problem, but, no, on the whole we'll have to cut spending to address the deficit. That's why programs like the health care bill that actually reduce the defict are so important.
I *do* however, feel that higher taxes are the best, and maybe *only* way to attack the debt. Paying back what we owe can only be done with actual capital. It has to come from somewehre. We're not paying enough now to pay for what we already spend. We'll have to make some "extra payments", as it were, to get out from under the debt.