Quote:
Originally Posted by jebartle
What is he crying about? He has accomplished a 900 Billion dollar tax cut for the richest Americans, and to his credit, he will propose a 5% pay reduction to congress amounting to 25 million (a drop in the bucket)...He says, and I quote, "America doesn't have a revenue problem, just a spending problem"...It will take a lot of budgeting to make up for the 900 billion dollar deficit...Lord help us all...Not sure he will be around after the 2012!
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Actually, there is no tax cut. Just an extension of the current tax rates that everyone has been paying for the last 10 years. How is it that the government in letting people keep their own money and not confiscating it qualifies as a "deficit" for the government?
If you raise the tax rate in January it will be a "deficit" for the taxpayer. The government is not getting less money in January, per se, it's the existing tax rate. They are spending too much and Boehner is correct.