‎**SUPER COMMITTEE - NO DEAL** Kerry's math is off. Or, he just can't do basic math? He made the statement: "Revenues are at a 60 year low. They're at about 14 or 15% of all of our GDP. Traditionally they're at about 18%...Remember, we Democrats succeeded in balancing the budget in the 1990s where, incidentally, we created 23 million new jobs...but when we did that, we had 20 to 21% revenue to GDP." He is so far off it is sad. First of all, the GDP is whacked out of proportion now (14.6 trillion now to the 2.7 trillion in 1992, what Kerry is referring to), so there are no tax increases that will create enough revenue to bring revenue from the current 15% (average) to the necessary 18%. The problem in this country is SPENDING. It is not that we don't generate enough revenue. WE DO. $2.15 trillion a year in revenue by the American taxpayers. We spend $3.5 trillion. HOW CAN THAT MATH WORK? Even if you are to raise taxes on the wealthiest Americans, you will not create an additional 1.35 trillion in revenue, JUST TO CLOSE THE SPENDING GAP. THEN WHAT?


http://www.foxnews.com/politics/2011/11/21/clock-ticks-down-to-super-committee-failure/