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Democrat Debt Solutions: Tax the Rich, Spend More Money

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Published on Sep 6, 2012

As the national debt finally passes the $16 trillion mark, are Democrats serious about addressing deficit spending?

Several Democratic delegates and supporters that Reason TV spoke with at the 2012 Democratic National Convention said that Democrats care deeply about the debt, but when it came to offering solutions, they said that serious reductions in government spending would actually be counterproductice. Instead, many suggested increasing public works spending to stimulate job growth, despite the fact that President Obama's first stimulus still hasn't moved the economy above 8 percent unemployment.

They also defended Obama's proposal to raise taxes on anyone earning more than $200,000 a year, even though this won't even come close to closing the annual budget deficit.

Approximately 4:00.

Produced by Paul Detrick and Zach Weissmueller.

Visit http://reason.tv for downloadable versions and subscribe to ReasonTV's YouTube Channel to receive notifications when new material goes live.

Comments • 360

Ozbrithian
I've actually been saying this for awhile. When I do it it's "Mr. Smith Goes to Washington" When they do it it's Cock Blocking. And it goes both ways.
InstTaxSolutionsLLC
I must admit this is the first that I've heard of the new term for blocking a bill. There is one of the delegates that made sense when he stated there is more to this than just taxes.
Aaron Payne
"We don't have to be reasonable all the time." Nuff said.You know, if Reason just used that one quote, they would've saved me 4 minutes of my life that was waster listening to more class warfare propaganda and demagoguery, plus a minute or two writing this comment. Oh well.
nailman40
"They cock blocked the stimulus bill?" Oh god my sides.
Saul Zulske
There should be no necessity for those funds in the first place, that's the main issue. And how do they get more tax breaks and at the same time pays much more? Isn't that a little contradictory? What about everybody pays no income tax, like it used to be? And you're implying that the system were responsible for their wealth, that is not true. So what if they own all that wealth? Wealth is created it is not static, you make wealth you don't reallocate it. If they made it, it is theirs.
Mutt43
Got dam! are all Democrats this stupid?  T
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JCJR
Even if the richest paid 100% income tax, it wouldn't dent the deficit.
Sublime Music Channel
Were there any non-cartoon characters that were delegates to the Democratic National Convention? This is not intended as a trick question.
Saul Zulske
And why should they be forced to contribute more? The 5% wealthiest Americans already pay 60% of all taxes in the country, and how in the world the middle class will be better off if they pay more? Government is just too big and promising just too much... Entitlement programs need to be revised, FDR, LBJ and Bush Jr. had the most irresponsible administrations ever.
nphanlon1973
Hearing the Democrats say that all we need are more taxes is like seeing General Lee ordering Pickett to march slowly toward's the union lines.You know what happens next....
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