The Truth About the Debt-Ceiling Fight

One clear implication of all this is that tax increases are not at all mathematically necessary to close the gap, even in the near term. In fact, the Obama administration does not pretend that tax increases are a practical matter; it has been fairly explicit that it considers raising taxes to be a moral matter. The so-called conservatives who support Obama in his bid for tax increases and who insist that raising taxes is both the necessary and responsible thing to do are ignorant, mouthy ideologues, at best."