“To put it in perspective, if Congress were to do nothing, the Bush tax cuts would expire next year… That by itself would yield $3.9 trillion to the federal government over the next 10 years. We would go to the bottom of the pack in terms of deficit as a percentage of GDP among the rich countries in the world — we would basically solve our fiscal problems for the short term.”
This is so obvious to anyone who has the smallest inkling of economic understanding. The Bush Tax Cuts WILL end the country. We will sacrifice our global standing to make the rich richer.