Quote Originally Posted by nynco View Post
So raise taxes......... back to 1960s levels
Taxes, while lower than 1960's rates, are far higher revenue at lower levels. This has been shown time and time again that raising taxes doesn't fix the problem. At the heart of the problem is cutting spending. Using the family analogy again, if you are making $100K a year you are likely to be living on $100K a year, if you get a raise you might buy a bigger house or a better car. The moral being that giving the government more money is not the answer, when you are spiraling out of control with your debt you need to cut your expenses because YOU, as a person, just can't make more money, the government can - and does - and lives way beyond it's means.