But that would be one way out, wouldn't it?
I watched the presidential address this week and Boehner's response to it. They both were nauseating, for completely different reasons.
Obama's portrayal of "fairness" and wealthy Americans paying their "fair share" falls flat for me. Wealthy Americans already pay most of the taxes in this country at a rate of 35% in comparison to the 15% that represents "average" household incomes.
Those percentages are on taxable incomes which are usually much lower than actual incomes by the time that most people take even standard deductions.
The whole "fair share" argument is a non-starter. Wealthy Americans already pay their fair share.
On the other hand, tax rates need to rise. It's simply unavoidable. We are too far into this mess to not suck it up and face facts. Cutting spending sounds great when you think it's all wasteful, but last time I checked we drive on federally funded roads, learn at federally funded schools, and our older population depends on federally funded health care.
We can make cuts in those areas, but we need to be conscious of the fact that when we say "cuts" we are also meaning that individuals will have to pick up the tab for these things on their own, which in certain areas will be nearly impossible, especially in a down economy with so many people out of work.
We need tax rates to rise in all brackets, even if it is only by 1% for each bracket. Working Class, Middle Class and Lower Class people need to contribute to maintaining all of the services that a federal government provides. We all use those services everyday and we all should have a hand in maintaining those public spaces and services.
This requires speaking the truth and explaining to all of us Less Than Wealthy Americans how little we contribute to the Budget compared to all those Wealthy Americans and Bad Corporations.
Boehner came across as an angry, defiant man in his rebuttal. I shook my head and thought, "Nothing good can come from this."
So far his plan is a drop in the bucket of what needs to be done, offering 1 trillion in deficit reduction instead of the 3-4 trillion previously offered.
I keep hoping to read the news and hear that both sides have compromised and finally settled on a plan, but so far it seems like we're watching a game of Chicken in which no one wants to blink.