Originally Posted By: steveg
I would challenge you to reconcile the second and third paragraphs of your post against the reality of the Clinton Administration. Under his tax increases (reportedly among the largest in U.S. history), the U.S. economy took off like a rocket. Huge employment, balanced budgets, and a surplus which his successor turned into a staggering deficit.
Let's not forget that the dot com bubble was a major factor in that.

I'm not against raising taxes on the wealthy back to where it was so don't read anything into my comment, just want to keep it fair and balanced. The higher tax rates helped, but the dot com bubble was a much greater influence, combined with the tax rates. Raising taxes will help but it's not going to bring us back to prosperity without other changes too, it's not the magic pill to pull the economy out of where it's at.