In response to:

Obama: We Must Tax & Spend Our Way To Prosperity

oldervoter68 Wrote: Nov 10, 2012 9:53 AM
Since the economy is roaring along (as witnessed by the election results), it may be time to let the top income tax rate revert to Clinton era rates. At the same time, the FICA tax cut of a couple of years ago should die out and rates revert to provide some necessary income to the SS "Trust Fund." However, I would also tie the tax bill to spending cuts in a manner such as if true cuts are not made in a given period of time, all Bush era tax cuts end and revert to Clinton era rates (after all, the government needs the revenue and the economy in humming along at such a robust pace).
RodT Wrote: Nov 10, 2012 9:57 AM
If tax rates should return to the wonderful Clinton years, shouldn't spending also return to those same level? I have not heard a singel Democrat mention the spending difference. After all it's spending that creates deficits, not taxing.
oldervoter68 Wrote: Nov 10, 2012 10:10 AM
True, we can not continue to spend 50% more that we take in. And when the 0 talks about using the income from tax increase to "invest" in education, green energy, etc, doe that appear that spending cuts are in the plans? That's why I'm saying if there are no cuts, let all tax rates revert to Clinton era, so that more people feel the impact of the current policies. It will be painful, but it hopefully would get more people engaged. (And the economy is really humming along, don't you know? (sarc))