[Tax-chick]

Six in ten are economic nitwits.

[TurboZamboni]

But even if taxes on the rich did go directly to deficit reduction, it wouldn’t be enough. Earlier this month, the Congressional Budget Office put the 2012 deficit at $1.1 trillion. It noted that this was the fourth straight year of trillion-plus deficits. This year, the deficit is 7 percent of the gross domestic product.

CBO projections don’t show much change in the annual deficit over the next decade. So even if the additional income taxes amounted to the $829 billion figure, the extra revenue would not eliminate the annual deficit, and it would do nothing to pay down the accumulated national debt of $16 trillion.

http://www.freerepublic.com/focus/f-news/2963733/posts