04 Aug '10 21:51>
Originally posted by whodeyApparently you missed an earlier thread of mine where I asked how long it would take to pay off the deficit if taxes were raised in all developed countries to Scandinavian levels. The answer was about ten years.
Apparently you missed an earlier thread of mine in which Obama appointed a bipartisan group to study the debt. One of their dire warnings was that simply raising taxes would not be enough. What is needed is to slash spending drastically in addition to raising revenue. According to the committee, there was not choice in the matter or dire circumstances would arise.