In response to:

More Pain, Less Gain

Frank1802 Wrote: Nov 20, 2012 7:21 AM
No even that would not fix things and even less so if Obama refuses to cut spending.
francisdesales Wrote: Nov 20, 2012 7:32 AM
OK, how about tax the rich at 500%?

Why not, little kids' share of the Obama debt is pushing $200000 and hadn't made a dime yet...

President Obama and the Democrats have made a cottage industry of peddling "tax hikes for the rich" as the way out of the fiscal crisis precipitated by ObamaCare and other profligate spending.  

But with reports and polling showing that upper income spending has fallen since the beginning of September, the country may have a chance to see that "tax hikes for the rich" are not as costless as the administration and Democrats want Americans to believe.

The "rich" are pulling back in anticipation of tax increases coming down the pike in 2013.  As a result, it looks like they...