The two U.S. mainstream political parties may be stupid any day of the week.
However, more taxes is not a solution to get the U.S. out of its debt problems.
For instance, if by some magic, it was possible to tax the top earners at 100 percent, it would be less than a drop in the bucket. It would not matter. And, as some Australian's may not understand, small business is a big driver in the U.S. economy; even more so after our politicians allowed everything that wasn't nailed down to be off-shored.
The pretend conservatives known as the Republican party, are right on this one. Almost to the effect that a broken clock is right twice each day.
The Federal government spending has to be trimmed massively. If not, the economy has no chance of improving.
The idea that a spendthrift Federal government needs more taxes is absurd.