Quote:
Originally Posted by cashman
...it is amazing how you insist that by raising tax rates we will create revenues. This is and has always been a Liberal myth.
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OK, let's agree to disagree. Spending cuts alone cannot create a balanced budget.
My conclusion is based on the arithmetic of our current situation. Taxes will be increased, I guarantee you. The only question is whether that will happen as the result of action by our Congress, or the demands and refusal of our creditors to extend any more credit to fund our deficit spending.