I don't disagree completely... but the country does need revenue.
It ALSO needs to cut spending... It just does.
We can not continue to spend money like we are fighting the commies... It's just not realistic anymore.
agreed, the thing obama/dems wont tell you is that cutting spending is better and has a greater effect than raising revenue from taxes.
Its a simple numbers game my friend.
cutting spending from operations is equivilant to an exponential raising in revenue. If you know how to produce an income statement you can do this easily. Increasing the bottom line(govt savings) by reducing operating costs is much more effective than increasing revenue.
Make an I/S with just revenue, Cost of goods sold, Gross margin, Operating costs and Net income.
now reduce operating costs by 10% and see the effect on net income. Then using the original numbers see how much you have to raise revenue to have the same effect on net income.
cutting costs is much more effective/efficient in having an impact in the bottom line then revenue.
I can draw that out for the non believers.