View: No-Tax Stand Unsupported by Facts
Posted in Main Blog (All Posts) on August 11th, 2011 4:48 am by HL
View: No-Tax Stand Unsupported by Facts
Bloomberg: You would think that abysmal growth and jobs data, the first-ever downgrade of U.S. debt and heart-stopping gyrations in the financial markets would impel political leaders to at least take a second look at some of their assumptions about restoring confidence in the U.S. economy. Sadly, you would be mistaken. President Barack Obama called again this week for a deficit-reduction plan that includes both new revenue and spending cuts, a solution that he said would require “common sense and compromise.” Alas, we have seen little of either quality from Speaker John Boehner and the House majority leader, Eric Cantor. The Republican leaders reiterated their determination to oppose any solution to the U.S. fiscal mess that involves revenue increases.