While President Obama is demanding tax rate hikes on small businesses, former Clinton White House Chief of Staff and Democrat Erskine Bowles  told CBS Face the Nation, "We have to cut spending." ... "Even if you raise the top rates back to the Clinton rates, that only creates about $400 billion over 10 years. That's $40 billion a year. We have a trillion dollar a year deficit," said Bowles. And the spending cuts offered by the president - which are dwarfed by the new 'stimulus' spending he proposes - are "not enough. We're going to have to do more." http://www.speaker.gov/video/bowles-we-have-cut-spending
Shared publiclyView activity