[TorpX]

A liberal (socialist) president wants to raise our taxes. Same old story. What garbage! They need to cut and cut deep. Also, they should adopt a much simpler tax code. Of course this would mean them giving up their power to manipulate us, so they will have to be forced to do this.


For the younger people who think raising taxes is a reasonable solution, I'll give you a short history lesson. Many times in the past, congress made similer budget deals to reduce the deficit. The Republicans agreed to sign on to some tax increases, and the Democrats agreed to sign on to some spending cuts. The idea was to get X cuts for Y taxes. What happened was that the tax increases went into effect right away, but the spending cuts were delayed. The supposed cuts came to be watered down, killed or were offset by new spending. End result - no deficit reduction.

Most of what the Fed spends is either wasted, or worse, even harmful to the nation. There is no legitimate reason why they can't make the neccessary cuts.

As UnderseaLcpl said:

We are running out of time. Estimates vary, but our interest payments will eclipse our taxable income soon enough that we should be concerned. No amount of taxation, no matter how well-intentioned, nor how wisely-spent, is going to fix the Supreme Mongolian Cluster-**** that is our Federal Government. We need to get right to the heart of the matter, and that means drastic cuts in federal spending and power.

Well put.