We are $14 T in debt.
We are $4 T in debt since Obama took control (about $8 since 2006-Democratic congress).
We are in debt $1.3 this year.
So...have we undertaxed the wealthy $1.3 T this year? $4 T during the Obama era?
A vigorous political blog, not for the fainthearted.
1 comment:
Relative revenues are at 60-year lows - we need to get them to 60-year highs.
Once we are unambiguously in recovery, all of our taxes need to go up. Not just the wealthy.
Thank god Obama stabilized the deficit. It would exceed $4T per year if he followed Reagan and Bush patterns.
Fiscally, we need more Clinton, less Reagan/Bush. Rather obvious, isn't it?
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