The question of what to do about the economy is foremost in our minds. Greece must slash its deficit and increase its tax revenue. (Oh, I know, if it increases its tax revenue, the deficit will decrease- but in Greece’s case, that is not what is being discussed.) In America, the Republicans want spending decreased, the Democrats want taxes increased on the ‘rich’- those whose taxable income exceeds $250K or $ 1 million. The Democratic position is that we are still not growing enough jobs- and while private industry is hiring, our states are slashing jobs at an enormous rate. The Republicans feel that tax increases on the rich will stop them from hiring.
Continue reading Deficit Reduction…
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