Reply #19: Umm, thanks for treating me like a two year old who can't read or follow a link [View All]

[MadHound]

I really appreciate somebody who thinks that I'm a child and treats me accordingly.

Now then, back to the actual article, which yes, I did read.

What Reich is proposing is horribly inefficient, and unlikely to happen. Rather than making those who are working even better paid, why not let the true employer of last resort go to work and create a true jobs creation program. That is much more likely to happen than "raising the ceiling on Social Security payroll taxes and hiking marginal taxes on the rich. " After all, what happened the last time we tried raising taxes on the rich? Oh, yeah, Obama caved and gave them their tax cut.

So, if we can't balance the ledger sheet by raising those taxes, are we are left with is more deficit spending. If we are going to deficit spend, then we might as well do so in an efficient and cost effective manner by creating a true WPA style jobs program. You will, as economist have shown, get a bigger bang for your buck.