And don't get me wrong, I don't think that the problem can solved by tax "increases" (ie, letting temporary tax cuts expire that are SUPPOSED to expire) Cuts need to be made in spending too, but not just from entitlements (really Social Security doesn't need to be touched at all, medicare and defense should be the first targets)
But the key to both long term growth and responsible budgeting is in the growth and increase spending and investment power of the middle class, which will not happen by reducing rich people's taxes.
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