Who will sign a tax increase into law to start paying the war debt?

[Deep13]

We are hurting. The Euro dollar is now worth $1.55. Oil is trading at over $100/barrel. The Federal govt. is so far in the hole that the sky looks like a speck from the bottom. We need to begin to retire this debt to get the govt's financial house in order (again) in order to stabilize the economy. Bill Clinton essentially ended the Bush recession by increasing taxes to reduce national debt. We need that again. A shitty economy not only means more working poor will suffer, but also social goals like unversal health care will be impossible to fund.

Unfortunately, no one seems to be willing to commit to raising taxes to solve this problem.

[Angela Shelley]

1. ... and noone seems willing to decrease expenditures.

Raising taxes is only a part of the solution. The more important step is for the entire country to "buckle down" and "bite the bullet" and live frugally for a couple of years, in an attempt to get back to a normal standard of living, one which is affordable.