As bad as it sounds if we are to get controll of our cripling debt we are going to have to raise taxes, at least on those making over a million dollars a year. It would be impossable to cut our way out of this debt crises. In the long run we are a country of conflicting interests, the few that are blessed with everything the country can give, wealth, position, family, and all with little or no effort on their part. Then we have those that have to work for everything and in this day and age they are having to work longer and harder hrs. The second group commonly known as the middle class is steadly shrinking. Thru little or no fault of their own Wall St. has dealt them an almost crushing blow. If we let them ( the middle class ) fall off the cliff of financial ruin thru unfair taxation and by cutting the programs that they need now more than ever we will have devasated not only the one thing that seperates us from most other countries but distroys the great purchasing power of the American economy.
We are already overtaxed and the politicians and bureaucrats just waste the money.Increasing taxes shrinks the economy and stifles growth which reduces GDP and tax receipts. Both Dems and Repubs are guilty of increasing entitlements to pander for votes. People usually get the gov't that they deserve. We have met the enemy and it is us!