Or, just one class. Trouble is, the POTUS has just one class in mind. And he wants automatic tax hikes when they (he) overspends.
His solution? Check this out –
A “debt failsafe trigger,” Obama’s scheme would automatically raise taxes if politicians spend too much. According to the talking points distributed by the White House, the automatic tax increase would take effect “if, by 2014, the projected ratio of debt-to-GDP is not stabilized and declining toward the end of the decade.”