http://blogs.reuters.com/talesfromthetrail/2011/07/12/the-rich-and-taxes-clintons-lament/ Tracking U.S. politics Sun, 19 May 2013 19:10:25 +0000 hourly 1 http://wordpress.org/?v=3.4.2 http://blogs.reuters.com/talesfromthetrail/2011/07/12/the-rich-and-taxes-clintons-lament/comment-page-1/#comment-415935 DrJJJJ Wed, 13 Jul 2011 22:50:07 +0000 http://blogs.reuters.com/frontrow/?p=35588#comment-415935 When we end Bush-era tax cuts (we will) just on the $250,000-a-year set, after 2012, we raise only $700 billion over a decade (today’s Wall street journal FYI)-less than half of this years deficit spending!! Also, the deficit projection for the next 10 years are $10 Trillion and cutting even 4 Trillion means we end up 125% (see Greece) of GDP-probably best case too (falling revenue everywhere)!There is no substitute for deep spending cuts for years-wish there was! Republicans are far from perfect (understatement), but they’re the party of less government! Big government is the problem, not the solution! Honesty is the best policy and time for change! When we end Bush-era tax cuts (we will) just on the $250,000-a-year set, after 2012, we raise only $700 billion over a decade (today’s Wall street journal FYI)-less than half of this years deficit spending!! Also, the deficit projection for the next 10 years are $10 Trillion and cutting even 4 Trillion means we end up 125% (see Greece) of GDP-probably best case too (falling revenue everywhere)!There is no substitute for deep spending cuts for years-wish there was! Republicans are far from perfect (understatement), but they’re the party of less government! Big government is the problem, not the solution! Honesty is the best policy and time for change!

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