Mark GA Wrote:
Oct 19, 2012 5:22 AM
Obama keeps carping on how Romney's math doesn't add up; so let's talk math. If Obama gets all the tax increases he wants, he will (at best) get an additional 65 billion dollars in revenue in 2013. The 2013 deficit is projected to be (again) over a trillion dollars. You can only reduce the nations debt by spending less than you take in. You need much more in tax revenue than Obama is proposing; or you need to cut spending. Under Clinton, we were spending about 19% of GDP on government during the years we had a surplus. That doesn't include raiding the social security surplus, which supposedly will have to be paid back. Under Obama government spending has been about 25% of GDP. That's the math. Raise taxes or cut spending. Where's the plan?