"A top Democrat signaled for the first time that the party might scale back plans to permanently extend Bush-era tax cuts for the middle class, as deficit worries grow in Congress.
House Majority Leader Steny Hoyer said in a speech Tuesday that Democrats would have to consider passing only a short-term extension of the middle-class tax breaks, which expire at the end of this year. In the longer term, taxes likely will be going up, at least for some people, he suggested." (by John D. Mckinnon and Greg Hitt)
Why is it that Uncle Sam can expand and spend money out of their wazoo like we have never been so profitable and if we do that we have to file bankruptsy?
The economy is not growing...businesses are not wholly propserous...and Uncle Sam wants to raise taxes? Yea okay, let's shrink the economy some more...
Who is running this country? If I ran my business like that, I would go broke! You don't expand government when the economy is shrinking. Where do they think their money comes from? Holy Bananas! How hard is it to figure out?
Cut back people---cut back!