Faced with the prospect and consequences of the “sequester” it is important to understand that, contrary to popular myths, our current deficit isn’t the result of excessive spending.
In fact, the rate of government spending is at its lowest level since the 1950s.
Our deficit and current “fiscal crisis” are the result of wars and past excesses that weren’t paid for, and declining revenue brought about by tax cuts and a prolonged recession.
Republicans aren’t really opposed to tax increases. They’re just opposed to closing tax loopholes that are available only to the very wealthy. That means increasing taxes for everybody else.
It seems they’re totally OK with that.
Charles Uphoff
Fitchburg