L.A. Times editorial written by a rich guy I've never heard of (not suprising) by the name of Garrett Gruener. In it he claims. I've always wondered what he would consider too high. Clearly he is fine going back to the what he paid under Clinton. But is he willing to pay more, if so how much more? Where does he say ouch? Taxes
The next credible argument that can be offered evidencing that "raising" taxes in a weak economy is beneficial will be the first....ever. Let's make no mistake, letting the "Bush tax cuts" for anybody expire IS in fact raising taxes.....the notion that raising taxes and taking money OUT of the private sector in this environment is absurd.....this economy needs MORE investment not less - next thing you know the lib/dems will be arguing for Smoot-Hawley II eh JO'Co?!
Never a mention of cutting spending. Only raise taxes. We have created an aristocracy in politicians through the IRS.
re: Smoot-Hawley All of the old Hoover/Roosevelt snake oil that didn't work the first time is making a comeback under Obamanomics. A protective tariff that ruins international trade and puts the rest of the country out of work is probably on their lame duck agenda too...