While President Barack Obama may have had the best of intentions with his bipartisan deficit panel, the panel's reccomendations are counterproductive and absurdly partisan. Raising taxes -- which they suggest doing in all sorts of ways -- never raises revenues. Raising taxes lowers incentive and the government actually collects less money. That will likely not help the deficit, but it will help keep the government in charge -- telling you it knows better.
Obama's deficit panel tells awful truth | Deseret News
Saturday, November 13, 2010
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