Gal--- I understand your points and I do understand your apprehension. I don't think that anyone believes taxing people to death is going to solve everything. I'm certainly not for this long term. But I do think we are so off track right now we have to do something for the short term and becoming anymore indebted to China is just downright dangerous for us. I know that Obama doesn't believe endless taxation is the answer and any liberal I talk to doesn't believe it either. I think the issue right now is getting back on track. John McCain wants a spending freeze on domestic spending (which is a tiny amount compared to war spending) and he cares about only one segment of the population. Veterans. That means people like you and me and our kids have to give up things like national park maintenance and protecting endangered species and help with education (even though America has never needed more skilled workers to compete in the global economy as it does now) It means infants born into poverty dying. It means doing NOTHING about the fact that the U.S. has the one of the highest infant mortality rates for an industrialized nation (so much for having the best healthcare system in the world). On the flipside we have Obama who wants to start thinking about ending a war that we aren't and can't win and who is asking huge corporations like Exxon who had record profits to the tune of 40 billion dollars to chip in some more to help the country in a time of crisis. Hmm... infants dying, grizzly bears going extinct, students not going to college or Exxon and companies like them paying some more in taxes.
I have to go with investing in the people on this one. If the people's needs are neglected things start to fall apart, education levels plummet, the crime rate goes up and we'll never be able to compete again in the global economy.