Duh. It’s going to happen anyway. 0bama has already borrowed billions for the coming fiscal year and the economic train wreck is coming. No amount of taxes will cover the budget deficits he is running
“GOP Has to Agree to Raise Taxes”
Why? The legislation is already in place for this to happen anyway, come the first of January. As part of the agreement to raise the purely artificial debt limit imposed on the US Treasury, the tax rates set under the Bush administration simply expire, accomplishing exactly the same thing. The temporary reduction in the employee’s share of the FICA taxes will also expire, effectively “raising” the payroll tax. The other side of the equation, the sequestration of federal spending with a meat-ax approach right across the board pretty much eliminates the advocacy for one pet project or another, and is perhaps the fairest way possible to rein back at least SOME of the daily hemorrhaging from the US Treasury.
If the suffering is not spread WIDELY, then nobody has any incentive for it to stop for the few.
This WILL be balanced on the backs of the “poor”. Because we ALL are going to be part of the “poor”.