4 years of Obama, US deficit cut in half

[opebo]

Celebrating deficits of slightly below $1 trillion after four years of $1 trillion+ deficits? Really?

I know European denialism says otherwise, but perpetual deficit spending of 5% of GDP when public debt is about 100% of GDP = Eventual default.

Yeah, it is probably impossible to fix what Bush did, but the point is that Obama has made huge progress.

[opebo]

Yes, we are going down from catastrophic levels, to just chronically toxic levels.

So, are you advocating a 70% tax rate for yourself?

[opebo]

Yes, we are going down from catastrophic levels, to just chronically toxic levels.

So, are you advocating a 70% tax rate for yourself?

I understand your preference opebo for an unbalanced approach, as opposed to a "balanced approach" (where have I heard that phrase before?), but that aside, it would be next to impossible to reach that figure actually. I can explain why if you are interested enough in the lacunaes of the tax code.

Obviously the IRS and tax law would need to be made reasonably effective rather than the joke your party has made them, in order to effectively implement a 70% rate.  The point is we need to get the money out of your class, one way or another.  I would prefer the guillotine, but failing that, no doubt, over time, there would be ways to increase the take.

Regarding 'balanced' - what utter rot!  Your class has benefited from stealing the labor of those beneath you.  If you are allowed anything it is imbalanced.

[opebo]

Positive side effects: CO² reduction, innovation pull and demand boost for the car industry,  increased competitiveness against imports (which become more costly to be transported), and possibly quite some re-location of manufacturing from China and Mexico back into the US.

What now?  How would raising costs (fuel costs) increase competitiveness?