Friday, July 15, 2011

Taxing America's Patience, Part 3

Yet another poll shows that the country is overwhelmingly against the Republican refusal to raise taxes in order to help lower the debt.

When looking to reduce debt, politicians can employ two tactics. The first is to cut spending. The second is to raise taxes. Most budget experts say you need to do both.

But House Republicans -- an overwhelming majority of whom have signed a pledge to this effect -- refuse to consider any kind of tax increase, not matter who it hits.

Turns out, most Americans don't share their conviction.

A full 67% of Americans favor a deal to raise the debt ceiling that includes taxes on wealthy individuals and corporations, according to a poll released Thursday by Quinnipiac University.

Even worse for the GOP, that Q poll shows half of independent voters would blame the GOP, and only a third would blame President Obama if the debt ceiling wasn't raised and our economy was permanently damaged.

Republicans at this point need a bridge out of the corner they are in, and Obama is doing what he can to give them one.  But if they don't take it, the GOP is toast...and so is the country.

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