Originally Posted by Teak

Tax increases will not effect the deficit or the debt. Only spending levels will do that.

Just as Clintoon lowered spending, by not doing maintenance and upkeep on vital systems, so will the next administration. Then the one after that will require even greater deficits and more borrowing to brings those system back to par. It's the same cycle over and over. Thats why government is so wasteful, nothing is done in a timely manner, only as a last resort, when the costs are the highest.

The only people who will be hurt are those who work for a living. Their checks will be smaller, while everything they require to live will cost more.

Companies and Corporations do not pay taxes; they collect them, from consumers.