RE: The bigger longer term risk is that after these taxes (over $250K) go up if there is no obvious deterioration of the economy that voters notice and instead the economy appears to improve.
Well, how many of us really believe based on solid economic grounds that high taxes being bad for the economy IS A SURE ECONOMIC CONSEQUENCE, like day inevitable follows night?
If the economic consequences of higher taxes are SURE to follow, how can there be no deterioration of the economy?
But, if there really is NO DETERIORATION of the economy after higher taxes are implemented, then perhaps the democrats are right.... and if they are right, what’s there to worry about? After all, the economy is fine.
Whatever it is, both beliefs can’t be right. One of them has to be wrong.
Nothing is as simple as talk radio makes it out to be. they create a simple world for those who long for one.
Either side could be right or maybe the truth is the middle.
The problem is that the economy is very complex and nothing is done in a vaccuum, and since those rich tax cuts dont collect much money compared to GDP it is not obvious that it will create big problems.
Clinton and Dems raised taxes in 1993 and yet the economy grew stronger anyway till an internet bubble crash late in Clintons second term, Bush cut taxes in his first term and the economy seemed to get better the same time a house bubble very dangerously grew, then in late 2007 to 2008 boom.
So both sides claim that these events proved they were right, and that other factors caused one or the other to happen.
So this time it better be obvious to everyone not just FNC viewers that these taxes looked like they blew things up, even if its really Europe that does it,..