If you took all the money from professional sports, all the profits from Wal-Mart and Exxon Mobil, sold every house in Beverly Hills and kept the money, took all possessions from every billionaire, kept every penny of income from everyone over $250k, and assessed every man, woman, and child in the country $40, you would balance the budget for one year.
Link available upon request. We're not going to tax our way out of this.
And don't forget all the jobs their WIVES get paid for doing nothing at.
Reagan cut taxes to get things going. Yes he later raised them, but never to the point Carter had them. And are you really so stupid you don't realize Clinton rode the real estate and stock bubbles?