You catch me out of my expertise because I am not an economist. However I think you are deluding yourself if you think any new tax money would go towards eliminating the deficit. More than likely that money will go the same route as the money in the social security fund. Pork barrel spending for special interest groups.
If along with raising these taxes, you could make a law that every penny of these new found funds would go towards paying the deficit down, you just might be able to justify new taxes. But you know that is never going to happen, so you can figure that the money is going elsewhere. Not really rocket science is it?
Also, for me I am pretty comfortable in addressing the deficit the same way we would like to address the health care. ie: by getting to the bottom of the problem rather than using bandaids.
As for the money problem, I think Ron Paul has the answers.
Put the money back on the gold standard so that the federal reserve stops printing money. They are to happy to print money, and put us deeper in debt, to continue paying interest. These lackies in Washington will (read Obama) will be only to happy to raise taxes to pay this interest forever. ( That's yours and my money)
If you have to ask me, you need to get out more. You might start here.
"Friday, July 25, 2008
It's time to buy your tickets! Today at 10:00AM CST tickets go on sale at www.ticketmaster.com for the Rally for the Republic in Minneapolis on September 2.
All Tickets sell for $17.76. The best seats will go fast so be the first in line at 10:00AM CST. You can buy up to 8 tickets for you, your family, friends, and co-workers.
Are you going to participate in the Ticket Bomb? Can we sell out the Target Center?
All eyes will be on us in Minneapolis as Republican National Committee delegates ascend on the Twin Cities. All RNC delegates and alternates who want to attend our event will have a reserved seat. This is our greatest opportunity to make a statement and take our Party back. Join us in Minneapolis on September 2 as we witness history.
A true revolution is occurring. It's time to stand up for our Constitution and restore the republic!
Every major broadcasting network is lining up to cover our event and the kickoff of the Campaign for Liberty. Stories have already been written by the Associated Press, ABC, CBS, CNN, Wall Street Journal, New York Times, and Minneapolis Star Tribune, just to name a few.
We will be treated all day by musicians, special guests, and performers. And the evening will afford a legendary speech by Dr. Ron Paul. This will be the most courageous moment of Dr. Paul's career. You won't want to miss it.
See you in Minneapolis,
The Campaign for Liberty Team
P.S - It is important to start planning your transportation and lodging accommodations right now. Visit our lodging pagefor available hotels, camp sites, and RV Parks. Make arrangements with your Meetup group or State Coordinator to be in Minneapolis September 2. Buy your tickets now before it is too late!"