"You didn't build that" - Obama

[richardhutnik]

badgenome said:

richardhutnik said:

Obviously also, businesses can't address running deficits either, by raising their prices.  And nope, you can't close deficits by having more money.  It is a maxim that people get rich by spending less money.

Ignore David Stockman saying tax rates are too low:

http://billmoyers.com/content/david-stockman-on-the-folly-of-anti-tax-crusades/

“Taxes are the price we pay for civilization,” Stockman says, borrowing a quotation from Supreme Court Justice Oliver Wendell Holmes. “What they’re saying today is foolish, it’s irresponsible. How can anyone believe with the kind of deficit that we have — a trillion dollars, year after year after year — that we can keep taxes as low as they are?”

So the fact that it is literally impossible to close the deficit (never mind all our unfunded liabilities) by raising taxes doesn't mean anything to you?

Apparently the concept that tax revenues are also too low has demonstrated no realm of possibility in your cognitive processes, no matter how many people say that the rate of taxes are too low, or David Stockman says the way capital gains taxes are set up is cronyism also.  See, I am more than willing to say there is a need for even more cuts, in addition to raising some tax rates.  You apparently are incapable of grasping the concept of the need for more tax revenue and raising taxes.  Well, guess who is going to get closer to balancing the budget, if that is the path you want to go down?  Here is a hint: It certainly isn't going to be you.