Quote:
Originally Posted by piece-itpete
Yeah, spending the SS money and cutting the military like there'd never be another threat really worked out for us.
No matter WHO pays, simply raising taxes will take 115 billion - 1.3 TRILLION a year - out of the economy. Over 10% of GNP! Over and above what they already take.
How big of a government do you want?
Pete
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First, we're trying to pay for the government expenditures we already incurred over the past 10 years.
Secondly, nobody is talking about making up the deficit solely through taxes. Most reasonable economists (also the Debt Commission) set out a formula of 3:1 (cuts vs. revenue).