The problem isn't a Congress that won't cut spending or a president who won't raise taxes. The problem is an American public with a bottomless sense of entitlement to federal money.
My goal in getting rid of tax loopholes is not to raise taxes. Our problem in Washington, D.C. is not a revenue problem, it is a spending problem.
Ronald Reagan cut taxes to raise the deficit to stop liberals in future years from increasing spending. Obama will raise spending to raise the deficit to stop conservatives in future years from cutting taxes. As he funds every liberal dream - from alternative energy production to infrastructure renovation to more federal revenue sharing - he will force a massive expansion in the size of government for a decade to come.
The statement, "The debt problem has become so extreme that we have no choice but to cut social spending" is presented as an objective assessment of our situation. But can you imagine a media commentator making the following assertion? "The debt problem has become so extreme that we have no choice but to raise taxes on the rich."
With a congressional mandate to run the deficit up as high as need be, there is no reason to raise taxes now and risk aggravating the depression. Instead, Obama will follow the opposite of the Reagan strategy. Reagan cut taxes and increased the deficit so that liberals could not increase spending. Obama will raise spending and increase the deficit so that conservatives cannot cut taxes. And, when the economy is restored, he will raise taxes with impunity, since the only people who will have to pay them would be rich Republicans.
Washington doesn't have just a spending problem, or just an entitlement problem, or just a taxing problem. We have a leadership problem. Fix that, and the first three problems are solved.
This is what class warfare looks like: The Business Roundtable - representing Goldman Sachs, Bank of America, JP Morgan Chase and others - has called on Congress to raise the eligibility age of Social Security and Medicare to 70, cut Social Security and veterans' COLAs, raise taxes on working families and cut taxes for the largest corporations in America.
You've got to either say you're going to cut taxes and find some spending cuts. I think we ought to reform long-term entitlement spending in the country, but you can't out of one side of your mouth say, 'Yes, we're for tax cuts, we're for spending discipline, and we're for bringing down the debt.'
I am in favor of cutting taxes under any circumstances and for any excuse, for any reason, whenever it's possible. ... because I believe the big problem is not taxes, the big problem is spending.
We have a serious structural deficit problem. And it needs to be addressed. The president is trying to address it through reforms of Social Security, but the problem is there with other entitlement programs like Medicare and Medicaid.
In Greece, the unemployment rate has risen to 22%. The solution to the problem was to raise taxes on the rich, according to the Greek president Barack Obama-opolis.
There's no reason to raise taxes. Taxes should be lower... The problem we have is that government spends too much, not that taxes are too low.
I will cut taxes - cut taxes - for 95 percent of all working families, because, in an economy like this, the last thing we should do is raise taxes on the middle class.
My experience of American politics is that people raise issues, and they get addressed in an effective but imperfect way. But that's sort of the American system: Mind the problem and worry it, and then we attack it with overwhelming power and put it away - and that's the end of that problem.
I have no problem with military and entitlement reform, lower costs raise freedom.
Ultraconservatism is, to me, so illogical. Everywhere you go, conservatives want to cut, cut, cut, cut - cut money for powerless people. So, that's the biggest problem I have with them.
It's a shame that we have to use whatever leverage we have in Congress to get the president to deal with the biggest problem confronting our future. And that's our excessive spending.