The key thing is that the Democrats don't care what the math says. The fact that they want the tax hikes "on the rich" (repeated ad nauseum like a reflex) and will not talk about cutting non-defense spending is symptomatic of that reality.
The revenue produced by raising taxes will amount to about 8 or 9 days of federal spending @ $10B per day.
With defecits over $1T, or 100 days annually of unfunded spending on average, it doesn't take a rocket scientist to see that an aversion to cutting spending is absurd.
Last edited by joeydb : 12-17-2012 at 09:54 AM.
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