Spending

[Riot]

Originally Posted by joeydb

To get to Riot's ideal "we" is easy enough: make one tax rate for everybody, regardless of income, with no deductions. A Flat Tax is as close to fair as you will ever get, since it would be proportional in all cases.

For corporations and individuals The lobbyists on Capitol Hill will never, ever allow that to occur, unfortunately.

So, the President is going to speak within a couple hours. He'll say the Bush tax cuts need to expire (2 years too late, but yes). The Republicans have already said they will not consider anything that raises taxes. That's beyond ignorantly stupid (but the GOP has never been good at finances or taxes)

If Obama suggests lowering benefits for Medicare and Medicaid, raising ages, etc. (don't forget he just eliminated some Medicare excess to help pay for the PPACA) he's screwed with the left of his party. They will attack him far more severely than any on the right.