Quote from Free Thinker:
and the fact that tax revenues and effective rates are at historic lows have no bearing on the debt. republicans insist they will refuse to agree to any revenue increases. they refuse to even end subsidies to oil companies.
you simply can not ask granny to give up her medicare and ss when you at the same time are giving tax breaks to billionairs.
The reason they're at historic lows is because Obama drove the economy into a ditch....I think he calls it a "bump". So with fewer people working, tax collections are down. And he extended the Bush tax cuts.
Here's an example of Obama stimulating the economy....
By STEPHEN POWER
Business groups are stepping up pressure on the Obama administration to stop the Environmental Protection Agency from enacting tougher limits on smog-forming ozone, saying a new rule pending White House approval would damp the fragile economic recovery.
http://online.wsj.com/article/SB10001424052702304567604576456443045913386.html?mod=ITP_pageone_1