Tiger n Miami AU83
You DO realize that the Federal government ran at least a $1,100,000,000,000.00 deficit for FY2012. Once the actual numbers come in for FY2012, that number will be more like $1,300,000,000,000.00
Raising taxes on thoes eee'ville wich fowlkes will raise $70-80 billion/yr, if that much.
That still leaves us in the hole for $1,020,000,000,000.00 just for one year.
Now, pray tell me, how in the heck are we going to cover the rest of the federal deficit?
Take every dime that millionaires & billionaires make and we still way short.
Plus, lets don't forget, if the Fed ever raises interest rates, the yearly Federal deficit will start pusing $2,000,000,000,000.00 a year