Comment by roughly
3 hours ago
“Raising taxes” is a misnomer - “restoring taxes to the level they were when we were deciding how to allocate tax revenue” is more accurate. There’s plenty of other causes of the deficit, but “Congress deciding not to take money from wealthy people and corporations to fund the services they’d promised to the rest of us” is the core. We don’t have a budget deficit, we have a tax revenue deficit.
We have nearly doubled the federal budget over 10 years. It is a spending problem and a spending problem alone.
https://news.ycombinator.com/item?id=48633650
This presumes that federal spending is a bad thing.