Rubio: 'Tax Increases Will Not Solve Our $16 Trillion Debt'
[Weekly Standard] Tax increases have nothing to do with the debt. Tax increases have to do with the fact that the Publicans as a group have publicly promised not to raise taxes. Therefore taxes must be raised, and when they are raised the Publicans will own the increase, which will be loudly pointed to in the next Congressional election, which is only two years from now.
The debt itself is an abstract thing. There ain't really no such number as a trillion, much less sixteen of them. We're never really, truly gonna run out of money. But the money we have will become less and less valuable (even though we're assured that inflation's at historic lows) until a 15 cent hamburger costs $3.69... Oh. Wait. We're already there. I mean until a $3.69 hamburger costs $15.95.
Posted by: Fred 2012-12-10 |