In response to:

Report: Boehner Proposes Tax Rate Hike on Millionaires, White House Rejects (UPDATE: Or Not?)

Super_Doodles Wrote: Dec 17, 2012 1:38 PM
It doesnjt matter how much money they print, it all adds up to the same amount: whatever it is that backs that PAPER. (In our case, gold) if you ever wondered why the dollar has lost 95% of its value since 1913 it's because they keep printing more. And who is it that suffers? Those who were forced by the government to give up their real world assets. (In our case, the American people who had their gold confiscated by the government in order to give the dollar value) I hate to break it to you but that's what people mean when they inflation. And FYI, the US no longer prints money, our debt is now going to the Federal Reserve. Want proof? Grab an old bill and compare it to a new bill (the ones with all the security features).

We had the AP's write-up of this story on the homepage yesterday, but I think it's worth a second look.  Politico initially broke the news, so let's consult the original source:

Speaker John Boehner has proposed allowing tax rates to rise for the wealthiest Americans if President Barack Obama agrees to major entitlement cuts, according to several sources close to the talks. It is the first time Boehner has offered any boost in marginal tax rates for any income group, and it would represent a major concession for the Ohio Republican. Boehner suggested hiking...