So Obama wants $4 trillion in debt reduction, accompanied by a tax increase of $2 trillion, for a net debt reduction of $2 trillion. The debt reduction somehow will disappear while new taxes will stand and further erode our weak economy.
The GOP wants a debt reduction of $2-$3 trillion and NO tax increase.
A tax reduction would be better than no tax increase to facilitate real economic growth.
The Republicans wants to increase the number of tax payers, not the number of taxes.
Obama wants $4 trillion in debt reduction”
NO he doesn’t, he wants to BAIT The Republicans. Bait them to accept tax hikes, or not, and if not, blame THEM. This is all about posturing.
Another comment:
“President Obama is a phoney. All of a sudden he’s the “leader” in deficit reduction. Yet he has never submitted a single budget that does anything but massively increase the deficit. He never proposed a single cut to anything, never has said what cuts he is is willing to accept. All he really wants are the tax hikes.
This isn’t leadership, it’s deception. This is all political theater, not a poltical conversion.”