Forbes editor Steve Forbes came out to offer Democrats a "piece of advice" as they head into budget talks to avoid the so-called "fiscal cliff" that our country is facing: Raise taxes to Clinton-era levels but only alongside the former president's policies that strengthened the dollar, loosened economic restrictions, and reduced federal spending. If Steve Forbes believes that's going to happen, he's got holes in his brain. That will not happen. I will also point out if wasn't president Clinton's intentions when he ran for president in 1992 to adopt the particular policies of loosening economic restrictions or reducing federal spending. The reason why federal spending was reduced, capital gains taxes were cut, and the looser restrictions on the economy were the result of both Houses of Congress turning Republican in 1995. If Clinton had his way Hillary's own version of healthcare would've passed and federal spending wouldn't have been reduced. He had no choice with the GOP who took over Congress during that time. They helped balance Clinton out--which was something the 112th Congress hasn't done to Obama. Instead House Speaker John Boehner rolls over for President Obama.
In 1982 Democrats talked Reagan into a bipartisan compromise to cut spending three dollars for every dollar of tax increases. Taxes were raised but they weren't followed by spending cuts. It wouldn't be any different this time. Forbes knows that his formula isn't going to work. President Obama isn't going to loosen economic restrictions. In order to do so, Obamacare will have to be repealed. Obama will never agree to that. The goal of the Obama administration is to take control of the economy. President Obama doesn't believe in a free-market economy. He wants a command economy, where the government dictates what businesses can produce, such as green technology, for example. The economy is going the direction he desires for it to go. If Obama wanted to turn the economy around, he would've already done so. Raising taxes isn't the answer. The problem is overspending and there's no commitment from either party to eliminate wasteful government spending and needless bureaucracy.
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