The standard Republican idea for “balancing the federal budget” is to not increase tax rates but instead cut out deductions and loopholes in the tax system, thereby simplifying it.
The Democrats whine, cry and moan that “The Rich” still wouldn’t be “paying their fair share” and dismiss this idea.
So you can color me surprised when the very hardcore left-wing Professor Paul Buchheit goes on to publish an article over at AlterNet that basically states that the entire federal deficit could be erased by simply cutting deductions and closing loopholes, and the leftosphere blogs extensively link to it.
They know the Republicans are telling the truth and yet that still isn’t enough. After all, they need to increase federal spending to get their utopia.