***BREAKING*** S&P Officially Downgrades US Debt from AAA
BTW, the terrorist Tea Party pushed for removal of tax shelters, tax breaks and loopholes to increase revenue because tax increases on the wealthy don't do shit. Oddly, that was removed by both Republicans and Democrats whenever it was added to the bills and suggestions last week.
We already know from actual demonstration in numerous states over the last 3 years that when you tax the rich, they take advantage of the loopholes, shut down businesses or just move. EVERY state that's done this LOST revenue, not gained it. So take your theories and kindly shove them up your ass as real life proves them wrong yet again.
Then what happened? Anyone? Anyone? States had no choice but to increase taxes on the middle class and poor to try and make up for that sudden loss in revenue.
GENIUS!!!
You want revenues? Then kill all the loopholes and breaks that politicians created for themselves and their rich supporters/frienRAB.