because it underscores the need to raise revenue to address the nation's fiscal crisisThis, and only this, part is true, but JFK, Ronald Reagqan, and Dubya all showed that the best way to do this is by cutting taxes to get the economy moving again, not by raising taxes and slowing the economy down even more.
The big government bubble has burst just like the tech bubble and the housing bubble. It can't be pumped back up with higher taxes any more. That doesn't mean the Obama administration isn't going to do everything they can to suck what little life is left in the economy.