Give Obama what he wants: increase the marginal tax rate on small businesses making over $250,000 and on all individual taxpayers making more than that amount.
The amount of deficit reduction would be almost nil. But the small business employers would lay off a massive number of people. The unemployment rate would go back over 9%.
Tell Obama he owns the new recession. Let the US's credit rating be downgraded again.
The Fed has already said it can't keep rates low if the deficit problem is not addressed.
Maybe we have to burn the house down before we can rebuild it.....
This post was edited on 11/20 at 10:58 am