Per Presbo, the only solution for the current problem is a 4.6 pont hike in  marginal tax rates for the rich.   The problem is that our current deficit is $1.3 trillion, and that is adding on top of the $15 trillion of national debt. 

If Presbo did get this extra tax levied on the rich (aka job producers), the job producers would lose one twentieth of their job producing ability and the deficit would do a whopping drop to $1.22 trillion.

Big whoop.


About drrik

3rd career and 2nd childhood. Spends spare time repairing old things. Aspires to burn more gasoline, gunpowder, and ink in pursuit of slowing down. Child of the 60s and aspiring student of history. No desire to see us repeat the failed social experiments that keep failing for lack of human beings that meet the left wing standards and have to be killed off. Did engineering long enough to realize that very little is new and the wheel does not need to be reinvented.
This entry was posted in constitutional, economy, election, Obama, socialism and tagged , , , . Bookmark the permalink.

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