Jobs and Competitiveness - It's a revenue problem not a budget problem

Don Graves, ED of the President's Council on Jobs and Competitiveness. "The global economy means we need to out educate, out innovate and out build other countries." 

In order to be competitive in the global economy, we are going to have to stop fighting wars all over the world, and return taxes to the equitable and fair taxes of the Clinton years. We don't have a budget problem in the US, we have a revenue problem. Cutting and... cutting taxes over the last 30 years have left the revenue stream too low. Taxes are now at their lowest level since 1950. And we don't live in a 1950s world. 1950 was even before the Eisenhower Interstate System was funded, and when we only had about half the Americans we do today, and we weren't fighting in wars around the world.