Originally Posted by samcol

I was trying to illustrate how we cannot tax our way out of debt. It's irrelevant when you have people who will spend more than they take in every time.

If we increased revenues to the US government by something crazy like 30% next year, do you really think they wouldn't spend that money on more government? There's no evidence at all they would try to pay down the debt with it.

Until the spending is under control, throwing more money at the problem by taxation should be off the table. It just doesn't make sense.