"Forcing the nation into default on its debts would be a
disaster...."Borrowing so much money that we can never pay it
back is an equal disaster. Either way, our credit is destroyed.Why
not avoid both disasters by living within our means?
"It returned income taxes to Clinton-era levels for the top 2 percent of
Americans while preserving the Bush tax cuts for the rest"This
is wrong. The top 2 percent enjoy the same tax cuts as EVERY ONE else on their
first $450,000 of income. It is only the earnings in excess of that that gets
taxed at Clinton levels.Unless of course the income is capital
gains, where it gets taxed lower.