Sunday, August 07, 2011

To Every Thing There is a Season

Boomers have been paying higher social security taxes to prepare for the increased revenues that will be needed when they retire. Under Clinton, the national debt was being reduced, so there would have been no problem. Bush reduced taxes on the rich while starting two wars. The rich have had plenty of time to invest those savings they have been getting, so they should have no problem going back to higher tax rates.

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