Do you have to raise taxes in order to balance the budget?

A video from a libertarian explaining why you don’t HAVE to raise taxes to get rid of the budget deficit. (H/T Ponder With Us)

The only part I don’t like is the shot at President Bush, who ran a deficit ONE TENTH the size of Obama when he was in charge in 2006. There is a difference to all but the crazy people who don’t understand that 150 billion in 2006 is not equal to 1500 billion in 2009. 2006 is the last year the Republicans held the House and Senate. In 2007, the spending and bailouts started, and the deficit started to balloon out to where it is now.

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