Quote Originally Posted by VictorCharlie View Post
I see the tax hike for top earners as a red herring. If it happens it won't personally affect me but it irritates me that it is the center piece of the conversation, particularly b/c it is a drop in the bucket. It raises 80 billion. Great, now where does the other 900 billion come from to balance the budget? Even discretionary spending is a pointless discussion. Until there is a serious discussion on mandatory spending then the whole discussion of debt/deficit reduction is a farce.
It's symbolic more than anything else. Where we get the other 900 billion is new economic growth. Most of that 900 billion is depressed revenues from a depressed economy. The rest is spending on unemployment/poverty caused by the crap economy. Reverse the crap economy and the deficit fucks off or becomes sustainable. Unfortunately nobody is suggesting this.