Post #3048 by bighairymike on the US Policy board

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There's just not enough money there. The deficit is too big. If you're not going to cut spending, you have to raise taxes on people we don't regard as "rich." And that's not even counting the other stuff that Democrats would really want to implement (like universal health care) with the proceeds of those kinds of taxes. - albaby

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And therein lies the rub. If we finally corral those loathsome 1% tax cheaters and tax the living crap out of them, then my bet most of any increase will go to new or expanded programs rather than deficit reduction. So we wind up with higher entitlements, higher taxes, and still un-capped deficit spending. Politicians get more mileage out of partially paying for new promises rather than fully paying for yesterdays promises.

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