klystron on 23 October 2012
| richardhutnik said: The argument is not rather. The argument is whether or not taxes need to be raised or not. Even Obama agreed to budget cuts. He even agreed to more, if the Bush tax cuts were allowed to expire on income $250,000 or greater. There is an issue now with tax revenues, due to the economic slowdown. As a percentage of GDP, tax revenues are lowest in decades. |
Richard, when Obama came in to office he had a supermajority in congress. Govt spending went from 3.1 tn (bush's last year, which was the 2.8 + his half of tarp) to 3.7 tn. Don't tell me that Obama has agreed to any budget cut. It clearly was not on their list of priorities.
