Quote:
Originally Posted by Mutt
Not sure I understand this - tax increases bring revenue in - how is that a bad thing when you are paying off huge debt?
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They were defered payment tax increases - we got the benefits of the tax increase, but defered paying it off.
It has to be paid off sometime.
That tax increase is the national debt, which has grown by trillions while we enjoyed the illusory economy of the last 30 years.
And which has to have it's legal ceiling increased, or, we have to pay it off, and we don't have the money or the economy that can pay that bill.