LeftCoastVoter
Member
- Nov 29, 2012
- 579
- 23
or did they.....It still doesnt eliminate the fact that just taxing the upper brackets at the clinton era level will not do jack squat. Any meaningful increase would have to reach confiscation levels if you just tax the top 2-3% of people, and even then, after one year, all that money is gone.
For people who keep calling themselves memebers of the reality based community, progressives seem to be really bad at basic math, or worse, deliberately ignorant of reality.
For you guys 2+2 = 5,000,000 and a balanced budget.
Then why oppose it?
But, and funny as shit...
For 25 years say deficits are not a problem, so don't raise taxes.
Then once you have to admit that it's a big fucking problem, say don't raise taxes since the problem is too big to fix.
Fucking comical.
Republicans have never said deficits are not a problem, so your screed is pure horseshit, as usual.
Dick Cheney on Budget & Economy
Former Treasury Secretary Paul O'Neill was told "deficits don't matter" when he warned of a looming fiscal crisis.
O'Neill, fired in a shakeup of Bush's economic team in December 2002, raised objections to a new round of tax cuts and said the president balked at his more aggressive plan to combat corporate crime after a string of accounting scandals because of opposition from "the corporate crowd," a key constituency.
O'Neill said he tried to warn Vice President Dick Cheney that growing budget deficits-expected to top $500 billion this fiscal year alone-posed a threat to the economy. Cheney cut him off. "You know, Paul, Reagan proved deficits don't matter," he said, according to excerpts. Cheney continued: "We won the midterms (congressional elections). This is our due." A month later, Cheney told the Treasury secretary he was fired.
The vice president's office had no immediate comment, but John Snow, who replaced O'Neill, insisted that deficits "do matter" to the administration.
Source: [X-ref O'Neill] Adam Entous, Reuters, on AOL News Jan 11, 2004