Originally Posted by czsmithGT
What will raising taxes do to prevent a recession or depression?
It depends on how much they raise them, and on who. Bush 1 didn't raise taxes enough to deal with the deficit and things got worse. Clinton raised taxes enough, and cut spending enough to deal with the debe and things got better. Bush 2 cut taxes while going on a spending spree and the economy crashed. Don't give me the, "Clinton/Dodd/Frank did it" party line propaganda. No one but the party believes that.