http://www.nytimes.com/2011/09/20/us/politics/obama-vows-veto-if-deficit-plan-has-no-tax-increases.html?hp&gwh=0A24A91B1B4807FFA5BC85AB44BCBA14
Obama officially announced his plan to cut the deficit by almost $4 trillion. Considering the mess that was raising the debt ceiling- I can only imagine how ugly this will get. Well, at least Colbert and Stewart will have plenty of material to work with.
I just don't understand how GOP lawmakers keep trying to say that by raising taxes, Obama is trying to incite class warfare. Please, someone explain to me how raising taxes so that those who make $1 million or more are paying a fair percentage, much like the middle class (well, what's left of it. It's disappearing so quickly). I would love to hear the other side- because all I get is little bits. I want to know how solely making cuts will help- yes, big cuts need to be made. I don't think anyone is arguing that point. But to close corporate tax loopholes and tax cuts for the wealthy? Isn't this the sacrifice we have to make during such hard times- what these politicians keep talking about?
While the optimist in me would like to believe that something good may come out of this and that for once Obama won't concede to the bully tactics, but the realist in me figures it will end as usual. This would be one case where I would love to be proven wrong.
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