JT_Navy Wrote:
Aug 17, 2012 12:18 PM
4) There is no practical way to balance the budget in the next decade without raising taxes and cutting defense, Social Security, and Medicare. It's complete irony that Mr. Hawkins goes on later in this article to espouse that most Americans do not understand economics. Because anyone that does, understands that we do NOT need to raise taxes, we need to raise REVENUE. These do NOT mean the same thing. As a matter of fact, the last three times taxes were lowered in any significant way, revenue went UP.