Who said we can raise $1.2 trillion without raising rates?
What we said was give us $1.2 trillion in additional revenues, which could be accomplished without hiking taxes — tax rates, but could simply be accomplished by eliminating loopholes, eliminating some deductions and engaging in a tax reform process that could have lowered rates generally while broadening the base.
To find out, click the link.
P.S. Of course the larger issue is that you can’t possibly deal with the issue without addressing spending. Which makes it tempting to say: sure, raise rates. Raise ’em on the middle class too. It’s the only way you’re going to pay for all this government you want.
Except, we all know that’s not going to happen. We are going to keep stealing from our children and grandchildren, because that’s what we have become as a country. We have become a bunch of takers who sit on our behinds, getting up only long enough to trot down to the government office to collect our checks so we can pay for our smart phones to tweet out how we want George H.W. Bush to die. And this had all better get paid for by the rich, meaning people making $250,000 in Los Angeles and New York City, because how dare they make any money when I have a cable bill to pay with their tax dollars.
See, this is why I shouldn’t talk about this stuff. I start out talking about a particular person’s hypocrisy and I get mad.
But note well: they can always play this game. No matter what they take from the “rich” today, tomorrow they will tell you that it would be unthinkable to do what they themselves proposed yesterday. Because the rich, who have done quite well, can do a little more, you see. And you just keep saying that, over and over, and destroy the market economy until everybody is equal…