From the Washington Post
“If you rule out inflating our way out of the problem and defaulting on the debt, there are two ways: Cut spending or raise taxes,” said William G. Gale, an expert on fiscal policy at the Brookings Institution. With more than 80 percent of federal spending devoted to politically untouchable programs such as Social Security, Medicare and Medicaid, he said, “it’s going to be really hard to make significant headway on the spending side. So that means you’ve got to think about taxes.”
LINK:
http://belowthebeltway.com/2009/08/29/yes-american-middle-class-barack-obama-will-raise-your-taxes/
No comments:
Post a Comment