The CBO weighed in on Obama's proposals. As per the CBO, killing the Bush tax cuts will not solve our massive deficits. If enacted, we would still face debts each and every year.
You can find a full analysis of the CBO statement(s), and a rebuttal of Obama's tax policy at: http://www.cato.org/pub_display.php?pub_id=13016
Back from the dead, I'm afraid.