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State's congressional delegation needs to be part of the solution.
Obama is determined to raise taxes on job producers, a very bad idea, especially with such a weak economy already.
A small tax on financial transactions would eliminate the need for any other tax--income or other--and balance the budget immediately while collecting enough revenue to pay off the national debt in less than a decade.
greg62 -- Obama is determined to raise taxes on job producers, a very bad idea, especially with such a weak economy already. --- the tax cuts have been in place for years, starting during the Bush years. I do not see that they have created any jobs here in the USA. If they created jobs, they "outsourced" them so it does nothing for the unemployement in this country.
I think the editorial board understated the need for the DFL team to cut spending. You can look at tax increases and revenue but the real problem is out of control govt spending. This shouldn't be pushed out a year per Obama. Get serious and work together towards balancing the budget.
The real problem is unrestrained gambling by the banking cartel, that has resulted in approximately 1 quadrillion dollars worth of outstanding derivatives contracts. When the bubble bursts, the world will either collapse economically, or all outstanding contracts will be declared null and void--thereby saving the world. Why not do it right now and save the angst?
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