Originally Posted by Robbie

Bill8, the federal govt. spent 10.6 BILLION dollars today. They will repeat that again tomorrow and the next day and the next day.

They haven't slowed down one tiny bit.

Don't you think that before they start up raising taxes that they should at least pretend that they are going to stop spending money faster than they can borrow it?

I'm being serious. Through all of this fiscal crisis, one thing has remained constant: 10.6 billion dollars a day in spending.

They spend all of "rich guy" Mitt Romneys net worth in 29 minutes. They spend all of really, really rich guy Warren Buffet's net worth in 4 days.

Yeah, we should raise taxes...but only if the govt. stops this insane spending. Raising taxes won't even put a dent in the problem.
Especially if Congress just takes that new revenue and spends it on something more.