Quote:
Originally Posted by Bill8
Oh, I forgot to mention, the deferred tax increases made law by the republicans and the centrists. Those deferred tax increases are coming due right now, as we debate the debt ceiling. And we will be paying off the tax increases of the republicans for decades.
Our economies have not been paying their own costs for a long time. We've been having a party on deferred costs, capital, and loans.
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Not sure I understand this - tax increases bring revenue in - how is that a bad thing when you are paying off huge debt?