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Old 02-04-2013, 06:39 AM   #1
Act of God
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Join Date: Dec 2004
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Obama: Duh, we need more taxes

http://www.bloomberg.com/news/2013-0...ding-cuts.html

Quote:
President Barack Obama said there is “no doubt” the government needs new revenue from closing tax “loopholes” and limiting deductions, along with enacting spending cuts, to reduce the federal deficit.

There’s “no reason why we can’t have really strong growth in 2013,” the president said in an interview with CBS television yesterday before the network’s Super Bowl broadcast. He cited a recovering housing industry, strong manufacturing and rising car sales.

Revenue could be raised through an overhaul of the tax code, he said, “and we can do it in a gradual way so that it doesn’t have a huge impact.”

“There is no doubt we need additional revenue, coupled with smart spending reductions in order to bring down our deficit,” he said. “I don’t think the issue right now is raising rates.”
My question is this, is it ever enough? At what point does a statist say "ok we've taken enough"?
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"Every age has its peculiar folly: Some scheme, project, or fantasy into which it plunges, spurred on by the love of gain, the necessity of excitement, or the force of imitation." - Charles Mackay Extraordinary Popular Delusions and the Madness of Crowds (1841)
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