there is no real correlation between higher taxes and lower growth. throughout our history there are examples of high taxes and strong growth and then other examples of low taxes and low growth. we need to innovate. and not financial products that blow up ala the last ~7 years. Real innovation that produces a positive legacy (such as the tech boom).
I think they've been working on it ever since the caveman invented fire, but there are still plenty of innovations yet to be discovered in the energy field. And the fact that if we don't come up with something pretty quick we are doomed should be a real incentive.
I think romney said it best... as to why this is happening "only about 1/2 of people pay taxes" ----------------> So this should be good news for one half of the population
well piezoe, you're smarter than I am, please explain to me how taxing is different than spending. If we buy those F35's that you don't want so much, will that be a tax on me (or my descendents)?
Today's taxing is the theft of your money so the D.C. whores can be spending it on what makes them happy via the "deals" they are constantly making.
Government spending and printing of dollars is what is promoting debt and inflation and damaging the country.