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View Diary: The GOP 'Borrowed' your SocialSecurity Money for their Wars (21 comments)

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  •  Yes, but... (2+ / 0-)
    Recommended by:
    unfangus, splashy

    1--No one is suggesting trillion dollar deficits forever.  We must decrease the deficit.  The question is how to do that.  Austerity can't work.  It has never worked any time in history anywhere in the world.  The only thing that works is to increase GDP--get more people working at higher pay, and they'll pay more taxes and require fewer entitlements.  We need middle class tax increases based on higher middle class incomes, not higher rates for working folks.  Yes, tax the rich more, but there still aren't enough of them to solve the problem.

    2--Nothing is permanent.  The tax rates can be changed by a vote of Congress and signed by the President any time in the future.

    •  We have not changed tax rates in 12 years so I (0+ / 0-)

      would not hold my breathe.  We have an 18%  revenue rate which leaves two options, DEEP spending cuts or perpetual deficits which eventually will drive our interest rates through the roof. Hold on to your hats,it is going to be a bumpy ride.

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