Saturday, March 21, 2009

deficits

There are many interesting comments in this news article:

http://hosted.ap.org/dynamic/stories/O/OBAMA_BUDGET?SITE=OHWIL&SECTION=HOME&TEMPLATE=DEFAULT

I think that the answer to the following dilemma is obvious:

“The dismal deficit figures, if they prove to be accurate, inevitably raise the prospect that Obama and his allies controlling Congress would have to consider raising taxes after the recession ends or else pare back his agenda.”

Of course they will choose to raise taxes. As we know this is the only way to “spread the wealth”.

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