giolucas,
I been listening to the sham all my life. Increase taxes enough to bring in 2-400 million more so we can borrow another trillion. Been doing it in a similar ratio since the early 60s. Then the lower tax crowd comes in and reduces tax rates, the economy rewards that tactic with growth and tax revenue increases of 2-4 something and government with a smile borrows three times that and spends more.
The difference this time is the same folks who want more taxes from business and the rich are regulating to restrict economic growth. It's a formula for failure at least for anyone wanting to build a new business.
Has anyone wondered why we don't just build a refinery in N Dakota instead of a pipeline across the country to an old one.
The international super companies will continue to take over our economic activity and manage their tax liability between countries to their benefit. The local american businesses will struggle or be bought out. Very little new business will be created and more economic activity will need to be nationalized to keep it going.
Maybe free enterprise democracy just doesn't work in an urban society. Or at least an unemployed one.
