lawmakers and the mainstream media missed the real opportunity.
It's not whether President Obama or House Speaker John Boehner won on the deal, or the paltry savings they agreed on.
It's also not whether the real savings are $352 million as scored by the Congressional Budget Office, or the $38 billion in savings claimed by Obama and Boehner, or the $100 billion expected by Tea Party-minded people.
No! It's the $1,000 billion (that would be $1 trillion) they did not even talk about.
One trillion dollars in foreign profits is what could have come back into our economy if the tax on repatriated profits were zero. Multinational companies could have redeployed those dollars at no cost to anybody.
It makes no common sense to leave $1 trillion on the table!
The president and the liberals can't seem to get past blaming Bush for Obama's economic failures. The Bush-era tax rates have helped to stabilize the economy, along with the massive productivity blitz by the business sector.
Raising taxes will slow down our anemic economic growth even more.
In the two-plus years President Obama has been in office, the national debt has increased by as much as it increased under the watch of President George W. Bush in eight years. And he wants Congress to agree to some automatic tax increases!