yah...so where’s the THREE TRILLION coming from again?
Maybbe ‘Bammy can go and clawback some of that from the banksters....
If it doesn't the country will go down hard and fast.
That way the Democrats get what they want, get all the credit for it, and we go into recession quicker.
This will keep Obama busy the rest of his term just trying to recover from his party's mistake.
No time left over to grab more control for the feds in the areas of health care, education, etc.
One can argue that the Republicans should hold firm in hopes of pushing off the recession a few more months to help a few more struggling families hang on for those few more months.
But is that short term "gain" really worth all of the long term pain that will ensue if Obama is given months of free time to do even more damage to the Constitution?
The Laffer Curve says there is an optimal tax rate, and if you raise it above that you get less revenue.
Hauser's Law is the historical observation that no matter how high or low the tax rate, revenues average 19.5% of GDP.