GOP hampered by short memory
President Obama has proposed that those with an annual income over $250,000 be taxed at the rates in effect before the Bush tax cuts, as they benefited most from these tax cuts. I couldn't agree more. But Republicans in Congress continue to oppose this. Most of them helped create the problem by voting for the tax cuts but not following through with the promised spending reductions at that time. They now insist the federal government has a spending problem, not a revenue problem.
Rather than raise taxes, Republicans propose drastic cuts to our safety net. Hang on for the ride as the Republicans push us to the edge of the fiscal cliff, or force a government shutdown early next year as they try to protect their wealthy benefactors/contributors from a tax increase.