[MaPitt]

The financiers who profited from the bailouts should have paid a higher price at the time and should pay higher taxes now.

When the Bush tax cuts expire after December 31, th financiers who profited from the bailouts will be paying higher taxes, greatly reducing the federal budget deficit. The problem is that we all will be paying higher taxes after December 31, unless Congress works out a deal limiting the expected tax increase to households making more than $200K annually.

Congress also needs to work out a deal on the federal estate tax. The "Kill Grandma' situation for persons passing in 2010 should be changed ASAP. Congress needs to act soon to provide guidance for estate planners and to reduce the federal budget deficit.

[2ndDivisionVet]

I expect the expatriate trickle to become a tsunami.
http://www.LivingInThePhilippines.com

[kevkrom]

When the Bush tax cuts expire after December 31, th financiers who profited from the bailouts will be paying higher taxes, greatly reducing the federal budget deficit.

No, they'll just change their financial activity to avoid taxes more, and federal revenues will drop in the long run due to decreased economic activity.