In response to:

How Democrats Can Get What They Want: Agree With Republicans

bbtruth Wrote: Dec 04, 2012 11:06 AM
Yep. Don't see this issue discussed much. Absolutely right. What happens if this coincides with or is induced by a credit downgrade? The chain reaction would not be pleasant. This is a scenario that is easily plausible in the near future. You have the Feds insisting on pumping 40 billion in new money per month into the system, while also insisting they will keep interest rates this low till 2015. Not good.
Democrats have said that that their priorities when it comes to a fiscal cliff deal are to raise more tax revenue and make the tax code more progressive.

Which is why it's odd to see them drawing a line in the sand on raising tax rates.

Raising marginal income tax rates is one of the most economically harmful ways to raise taxes. (The only provisions of the tax code that are more damaging are the corporate income tax and taxes on savings and investments.) Perhaps the only explanation is that Democrats don't actually care about...