Many of us have been watching the drama unfold between the Democrats and Republicans on budget cuts that will lead to an increase in the national debt limit and I must admit that the Democrats have got it backwards. I'm one of those that don't believe that we can reach a balanced budget without tax increases. I opposed the extention of the Bush era tax cuts for anyone. We simply have too much deficit spending and the $370 billion dollars in lost tax revenues for 2011-2012 was not something we could afford if we seek a balanced budget. The Democrats are calling for tax increases along with budgetary cuts while the Republicans oppose them but for now the Democrats are wrong. First we need the budgetary cuts and we need dramatic cuts in government expendatures. The following information from 2010 reflects to some extent the scope of deficit spending and where it is coming from. http://www.politicalforum.com/polit...evel-should-you-pay-taxes-16.html#post4105999 As I've noted either we need to cut expendatures in two different categories of the federal budget because that is how the US government has organized taxation and expendatures and/or increase taxes. Social Security and Medicare are funded by FICA/payroll taxes and all other expendatures are funded by taxes other than FICA/Payroll taxes and each needs to be addressed independently. But before addressing tax increases all of the possible avenues of reducing expendatures must be explored and those budgetary reductions need to be implemented. The Republicans are currently correct in that these reduction have not been explored and implemented. The Democrats need to focus on cutting all possible expendatures before the subject of increased taxation is addressed. If all possible expendatures reductions are exploited and we still have a deficit then and only then can the Democrats justifiably address possible tax increases to eliminate deficit spending. If there is nothing left to cut then even the Republicans will have to support tax increases to eliminate the deficit. We're no where near the point where all possible reductions in expendatures have been met so as of today the Democrats do not have a valid argument for a tax increase. Tax increases should only be a last resort to balance the budget once all possible expendature cuts have been made and not used merely to reduce the amount deficit. If they don't lead to an immediate elimination of the deficits then they cannot be justified. Simply raising taxes while continuing to spend more than the revenues of the government accomplishes virtually nothing as the national debt will continue to grow and it isn't the deficits per se that are the problem but instead it's the national debt that's the problem. By way of example, a trillion dollar deficit in one year has virtually no impact if the next year that trillion dollar's worth of borrowing is paid back so that the national debt has a zero increase over a two year time span.