Originally Posted by SafetyBlitz
... Spending cuts
... tax increases on the wealthiest Americans
Where will the spending cuts come from? How does welfare and obamacare play into this? In general laymans, won't taxing the wealthy equal a shrinking workforce and less jobs, more business' going oversees, and discourage entrepreneurs from growing and a loss of innovation? Won't that just mean more Swiss bank accounts? Taxing 1% of the population can solve a $16 trillion deficit?